Follicly challenged is merely the etymologically correct spelling of follically challenged, which is a euphemistic term for bald men. The use of the word serves to lampoon the perceived overabundance of "politically correct" synonyms for various minority groups, which first emerged and spread in the mid to late '90s.
My father is severely follicly challenged, but he's learned to cope without resorting to a toupee or a combover.
by glutagut January 5, 2008