Top Definition
A pair of pants that cause the wearer to experience a lollyic sensation in which they are transported to an alternate universe where all of their greatest wishes may come true.
Macbeth: Act I. Scene 2.

Macbeth: "Over yonder that man seems to be sporting a fine pair of lollypants."
King Duncan: "Indeed."
by Mr. Lolly October 20, 2005

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