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Australian slang for a bong hit or cone.

Thought to originate from the word Billabong.
"Oi mate, pack us a Billy will ya?"

"Let me smoke a quick Billy before we start"
Billy by Aussie-thinker June 15, 2020
An actual cunt who watches gay porn to check if he’s gay. He won’t know any slang e.g. rim job. He know the password to the all male brothel but won’t share it. And claims he doesn’t. A billy is often a florik
Billy: yo I just got tier 90 in Fortnite

Random: shut up ur an actual billy
Billy by GuitarDroid248 July 28, 2020
Billy is the nicest boy who always smiles and if a great friend
The best billy
Billy by Hates gays August 28, 2020
The man who gets money out of nowhere.
MoneyBilly
Billy by BapBoing October 9, 2020
A very annoying piece of shit who treats Karen like the meme. They tend to be narcissistic and prideful.
when someone is being narcissistic
"wow! what a billy"
Billy by billy not a fan October 11, 2020