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1.
1. Refering to a piece of writing that has been fleshed out, where the writer/author has rambled about the subject matter.

2. Sheep are covered in wool, and are therefore woolly.
"Mr X, This is far too woolly..."
by Bluestone March 09, 2005
13 20
 
2.
making up a bad word
that slut did a woolly and put it on urban dict.
by mattswordsrock November 07, 2010
18 28