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Small, unimportant, or insignificant and may smell like piss. A total waste of time, especially to someone who see's himself/herself as very important.

Comes from the fact that to piddle is to urinate and the assumption that piddle is only used when describing amounts of urine so small, one would not likely take the time to clean it up (think puppies, etc.).
The president would not accept the piddely offer from the opposing party; his head was far too large to see the compromise clearly.
Piddely by Wordy Word Pecker February 19, 2019
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Piddly-ass 

Something that is shitty, small, unimportant, lame, or dull
I hate government websites, they make them as least productive as possible so you can waste a whole day on a piddly-ass task.

I'm stuck in this piddly-ass town.
Piddly-ass by mstr August 14, 2009

piddly-diddly department 

Somewhere where one goes to 'relieve themself' as oppose to the 'poo-parlour division'!
Random person 1: "I really need to go to the piddly-diddly department"
Random person 2: " Ahem...I think you should have gone to the poo parlour division"

piddlywinks 

The act of making a piddle, also known as 'taking a leak', or 'unleashing the golden dragon'.
"Ah man! Too much soda!! Must make piddlywinks!"
piddlywinks by Zeromus-Prime October 23, 2007
"Pfft, I doubt he can hurt me with that piddly little butter knife of his."
piddly by The Lost Skeleton August 12, 2005
Small, occurs within a short space of time. A word typically used in Middle Britain by rural folk, possibly derived from piddle, as in to quickly urinate.
I didnt need to worry about that piddily little bugger, he didnt even last the first 100m.

Arh thats a damn piddily apple there Giles.
piddily by AliBarFarBarHar June 2, 2008

PiddlyStinks 

It's like tiddlywinks... but totally different. It involves coercing a young, influential, and wanton gutter-slut into anal intercourse and, when boredom hits, urinating in said subjects bottom with your John-Thomas.
I heard that Joel once pissed in someones bum! He decided it was a game. He called it PiddlyStinks! At the moment, he is winning the game!