An insult derived from the name of the much ridiculed Scotch Neanderthal barbarian William Wallace (portayed in the film "Braveheart" by Mel Gibson)..
The word is usually used to describe someone who has done something silly and made theirself look stupid, usually under the influence of alcohol.
Can also be used to describe someone who is an idiot in general..
"...is drunk, hes acting like a right wally"

"...he's acting like Mel Gibson.... William Wally"
by Thisisthemodernworld August 5, 2010
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A casual reference to a Wal-Mart store. Used by those who frequently shop at the store mostly in text messages. Derived using the Australian English slang method of shortening a word to two syllables and adding 's' to the end.
Texting: "Stopping at Wally's 4 some milk. U need anything else?"
by Urbanodialectician January 24, 2015
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A hot guy, kind, caring, and a good boyfriend. He is smart but thinks he's stupid which isn't true. Has a great personality and very good looking. He has everything you look for in a guy.
Wally is hot
by A depressed sad girl February 18, 2019
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Drunken midget often found attached to doors on QuikTrip convenience stores
Wally sunofabitch is back at QuikTrip telling me "CUL8R,"
as i walk out with my frezoni.
by One With Large Penis October 21, 2007
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A very perverted creepy looking person.
Person #1: Look at the kid
Person #2: I know he must be a wally.
by MLIA= awesomee May 11, 2010
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a male human being who enjoys being finger fucked by three fingers in the ass while getting a blowjob.
allie says: its wally time. wally says: ok let me bend over.
by bob bill george chicken October 29, 2008
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