A word used by American youth during the 1950's. Now the word is mainly used humorously to mock the purported wholesomeness of American culture. It mocks the nonexistent "values" that Americans and Christians claim to posses in abundance. The word when used to mock these traditions is very Nietzschean and little angsty emo kids all over the word rejoice in using it as they wait for the same fate to befall them as their parents (they grow up and conform to the same idiotic practices as their parents).
"Ward, I think you were a little hard on the beaver."
"Golly, gee whiz Mr Cleaver, why did you fuck Beaver in the ass so hard?"
"All of you shut up, I am on of TV land's greatest dads."

As a form of mockery:
"Golly, I guess I'll go eat some apple pie, toss the old baseball around then root for the hometeam! We're playing Springfield High! Nah, I think I'd rather get drunk and fuck my girlfriend."
by Intellectual_Jackass November 05, 2007

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An Australian colloquialism for hoiking/clearing your throat of nasal drippings (snot/phlegm) into a ball to enable you to spit it out (or swallow it back down if you so desire).
I have a bad headcold and I can feel the snotty, sticky phlegm sliding down the back of my throat. I couldn't swallow the phlegm without gagging, so instead I did a golly and spat it out.
by kiwiora August 07, 2011

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To finally spit a substance culminated and harvested in the chest/lung region.
Can refer to the actual spit or the process of "Hock-ing" it up and out.
"See that huge golly I just did?"
"I need to golly."
"I need to do a golly."
"I got a fat golly in my mouth."
by Diego June 29, 2003

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As gay as possible, but still heterosexual, like wearing wings and a g-string to a victoria's secret convention, and your a male
My friends and I were participating in a golly good time of all male swimming in tight nut-huggers, yet we are all straight
by James Eugene Miller February 16, 2009

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A slang word that can be used in place of "jelly" or "hole".
"Whoa, that guy has a huge buttgolly."
"This donut has a delicious golly filling."
by Mrs. Phyllis Torgo March 22, 2005

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slang term for marijuana, esp in northern sydney with the greek and lebanese youth
y'all wanna go smoke some golly
by tin July 29, 2004

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A word that can be used in place of "jelly" or "hole".
"Whoa, that guy has a huge buttgolly."
"This donut golly is delicious."
by Mrs. Phyllis Torgo March 22, 2005

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