Can also be used as an insult to convay that someone is stupid or dim.
"Why did you do that 'soft ollies', you're so stupid!"
fuck me u people are shit this is what a real ollie is yeah thats me in portsmouth england
My friend Austin busting out a fat ollie
ollie 4ft drop
ollie that was 10 inches
S: Ge can sing, dance, act... I've known him since forever..
J: Awesome.. I think he likes me..
S: Kool.. Hes a great guy!
J: I know!