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1.
(1) Mongolia's Navy, consists of 1 ship only, name: Suhkbaatar. Also the only ship in Lake Hovsgol.
(2) Something that has no point of existence. In other words useless.
"You are as useful as Monglia's Navy"
by Normis Cox July 02, 2005
 
2.
Something I don't think actually exists
Random person: Hey, do the Mongolians have a Navy?
Me: Fucked if I know, mate
Random person: Oh, thanks anyway
Me: Whatever
by Dangerous G April 12, 2004