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you can refer to almost any drug as "boo-lay" but usually cocaine
Buy me some boo-lay
by Melvin_flynt_da hustla November 13, 2003
Derived from the word bootleg; used to describe something that is cheap, bootleg, generic, fake or just plain dumb.
Walgreens brand of stuff is boolay.
by TPC Chinki February 08, 2011