A group of kickass guerrillas in the movie "Red Dawn" (one played Charlie Sheen) and one adult (Patrick Swayze's only good role in any movie) who take on the Soviet army when they invade America.

An overused high-school sports team name.

"Wolverines" refers to the name of the football team, and later guerilla group on 'Red Dawn.' It is used sarcastically, often in conjunction with a mixture of exclamation points and 1's, to signify that an overly jingoistic, gun-loving nut on a forum is out of his mind. The term is also used to poke fun at guerilla masturbation fantasies.