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A name many rappers use to call a gun
“I pull up with scooby, he grippin that toolie”
Toolie by ImTxger_ May 23, 2018
Rapper: “Pulled out the toolie then we had a duelie
Toolie by ❤️Hot Buns🥵 December 3, 2020
Background: Every year in Australia at the end of the final exam period thousands of high school students fly to the Gold Coast for Schoolies week celebrations.

Toolies are essentially pathetic dirty bastards who deliberately holiday on the Gold Coast during this time trying to pass themselves off as Schoolies in order to hit on and sleep with drunk teenagers. Toolies have developed into something of a sub-culture, with thousands of experienced Toolies now making the Gold Coast trip a part of their yearly routine. Toolies have an inability to get laid by anyone other than half-conscious teens. No self-respect, part pedophile, all Toolies.
Schoolie: Hey check out that 30 year old pretending to be a Schoolie, what a desperate fag.

Toolie: Hello, how are you?

Schoolie: Go back to your Toolies friends, wanker.
Toolies by Neil K December 20, 2007
A two-dollar coin.
Canadian slang, based on the combination of the word "loonie", meaning a one-dollar coin, with the word "two". Alternate spelling: "toonie".
"Do you have any money on you?"
"I got a couple of twoonies, that's all."
twoonie by Hon. Joe Clark August 1, 2006
So I pulled out my toolie and i aimed it at her lip. I said earrings and the stereo, run that shit!
toolie by peanuts and corn April 19, 2006
a gun, pistol, heat, toast, etc.
To old school cats that call gats toolies
Call blacks moolies, think it's cool to smoke woolies
toolies by Unce April 19, 2006