Doley can be used to describe a old or rusty bicycle commonly rode by people who don't have a lot of money or live on the dole. Also it can be used as a verb going on a doley. A doley is also the word for a bike ride where you and your friends all go for a bike ride riding doleys
An old friendly man by himself in NYCrunning a store full of lottery tickets(aka free money)
Walking by the store on 18th St: I’m running low bro I only got $100 left.
Friend: (looks in the store) that’s a doley old goofy let’s hit him for all the 30’s then bend the block