An exaggeration that contains more falsehoods than truth. Statements that are closer to being a lie than the truth.
The famous actor claimed the news report of his out-of-control drug addiction was an exaggerlie because he had only smoked pot a few times.
by AL Diego April 30, 2007
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the act of exaggerating the facts of a true story, while concomitantly lying to a degree that the underlying story can no longer be believed.
or
exaggerating to the point where the underlying story is no longer true, telling a fisherman's tale

I think Elisabeth was exaggerlying when she told that story about her father being a ninja pirate who was raised by a she wolf from whose teats he suckled.
Source: Pol Scott, Chicago

"Stop exaggerlying, you didn't make one hundred lasagnas today."
by Q courtesy of Pol Scott October 4, 2007
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the act of exaggerating the facts of a true story, while concomitantly lying to a degree that the underlying story can no longer be believed.
I think Elisabeth was exaggerlying when she told that story about her father being a ninja pirate who was raised by a she wolf from whose teats he suckled.
by Pol Scott October 4, 2007
Get the exaggerlying mug.