1 definition by Mole-lord Halitbut (A.k.a Torben Schmidt-Hansen)

Someone who is a fool, or has just made a tremendous fool of themselves.

Also, A Character in a chain of books who hides among the pages... (in America see: Waldo)

Commonly confused with the word woolly (see: sheep)
"You're such a wally!"

Also, "Oh no! I can't find Wally!!!"
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