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Basically another word for welfare baby or just government handout leeches in general.
You know that deadbeat leech that was roommates with Jon?”
Oh yeah. He was such a welfy.”
“That mf hasn’t worked a day in his life.”
Welfy by Kanye’s Taint February 1, 2021
Related Words
Simply the cutest and sweetest way of saying "Really."
You are weally cute!
Weally by ZenbladeJS April 26, 2022

Selfy Welfy 

A guy who is obsessed with Starcraft and Call of Duty. He loves the Florida State Seminoles and has a pet tiger named Howard.
Selfy Welfy says biyahhh!!
Selfy Welfy by SEEEEELF April 20, 2011
Person 1:do you like bulbasaur?
Person2: yup, he's weafy
weafy by Nike overlord December 5, 2016

Wealfish 

When someone from small beginnings becomes wealthy and shits on the lower class.
When Dom was elected to Parliament he got too big for his boots and became Wealfish.
"Weally, I shall be obwiged to wefeh you to my lawyehs ----" Wyatt began.
"Weally, you aw wong -- I assuah you," he said stiffly.
"Weally, I'm afraid I can't, without a good deal of twouble."
She is a real speed-fiend, the other day in the car she was shouting "Go Weally Faaaaaast!" to Stu and got the biggest grin on her face as he sped up!
weally by WhoAreYouSave February 12, 2018