Raising the front tire of a motorcycle off the ground, squids use this to determine the alpha male of a group of gixxer riders. The longer the whoolie is held the danker it is.
Dude did you seeGreg's dank whoolie? He held it for like two seconds! Fucking sick!
A mysterious object of unknown origin, currently believed to be in the possession of Kanye West. Anyone who takes notice of said object will immediately attempt, vainly, to research its properties. It's an anti-memetic meme.
1: I swear I heardKanyetalking about his whooky sack in MBDTF.
2: What? When?
1: Sorry!
2: What?