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Bally comes from the Irish word Báile meaning homeplace or town.
There are many towns in Ireland containing the prefix Bally.
Examples are Ballymena (Co.Antrim) An Báile Meánach, The Middle Town; Ballymoney (Co. Antrim) Báile an Mhonaidh, The Town of the Moor; Ballymote (Co. Sligo) Báile an Mhóta, The Town of the Mound; Ballynahinch (Co. Down) Báile na Hínse, The Town of the Holm; Ballymore (Co. Donegal), The Big Town
bally by Criostoir Hulme December 28, 2005
A Class-A drug, snorted if ground into powder or smoked.

To be high on bally is to get 'bally'd'
"Charlotte was bally'd last night!"
"Yeah I told her to lay off the Bally, but she just wouldn't listen"
Bally by LSMT February 23, 2017
bally was/still is a very stoned fellow who can often be found in the bars/clubs/streets/houses of south bournemouth. conversation with bally usually includes the phrase 'im fucked mate'. anyone who encounters bally should be friendly, polite and offer him drug based treats.
fuckin hell, bally looks fucked!
bally by djl October 6, 2004
Bally (n).
(also to bally (verb))

To walk off on the people you're with to god knows where during a night out, without telling them, for no particular reason.
Usually when completely hammered.
"Lad, what happened to you last night!?"
"Mate I have no idea!"
"I do, you ballied us you little sweat!"

"I think I just got bored, thats when I did a bally."
Bally by excess baggage January 4, 2009
Some one brave. As in some one with big balls.
Whao! he's really bally, he gave his teacher the middle finger
bally by alpha helix September 1, 2005
It is a Belizean creole slang meaning “boy” or “guy”
Creole:That da the Bally I tell you bout. Translation: That is the boy I told you about.
Bally by WorldBossJodz September 18, 2019