To "Holywood it" means to
lie, essentially, about something. The "it" is basically anything, usually movies or
television shows. When you Holywood something, you basically over-proportionally saturated a story with exaggerations or lies in order to get the attention of people to turn into profit. The original story might have been real, however, when you Holywood it, you stretch the
truth and make it into a
lie. An example is basically any movie or TV show that was made from a story or real-life situation. An example of an "Holywooded" TV show is Paranormal
Survivor, where the producers, animators, storyboard artists, etc. add in cliche
ghost incidents and special effects. I
don't doubt that the people being interviewed may have seen ghosts, but Paranormal
Survivor makes the whole incident look cheesy. Another example of a "Holywooded" TV show is American Pickers where the cameras
don't show the U-Haul trucks that carry the guys' stuff that they buy. The guys also never mention the other people that go out and find the places for them to "pick" (they
don't really pick, the producers go to the place, scope it out, and tell Mike and Frank what is there, then Mike and Frank act surprised when they find something that they already know about). Additionally, Mike and Frank never do the actual finding of anything. When they get surprised about finding something, they are lying because the producers always scoped out that place.