Pronounced "well - e": An adjective or noun which is derived from the word "Welfare" used to describe the shitty condition of: clothing, personal possessions, etc. It was first used in Ontario, Canada (near the dirty 'shwa). Whether you say it as a joke or out of sheer honesty to put down your friends or strangers, it can tie into your regular douchebag vocabulary.
As an adjective: "Those are the most Wellee pants I've ever seen"

As Noun: "That girl is a Wellee"
by JayTriano February 7, 2011
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