This word comes from calling someone wardie. The different wards are parts of inner city housing projects. It is used as a title for someone who shares that common background.
What you got going on wodey?
a very good friend; a homeboy; number one dog
Yo wody what up!
bitches that you don't make into housewives. These are the ones that you fuck once, twice, or a few times then peace out on. They are not bonafide suiters (women that you would marry). wodeys can be hot, and appear to be suiters, however they are not. They are sluts, they are wodeys.
"Man look at that wodey walking by with her twat hanging out of her skirt...sick. What a wodey-ass bitch!