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A noise emitted from putting too much emphasis on wooly, as in a wooly sweater. It came from the Mortal Kombat character Quan Chi, who shouts it as while he does one of his moves.

Woolay is a word you may shout, and nobody will understand it except people who also played as quan chi for more than five minutes. It may also be used as a battle cry before doing something.
Quan Chi: WOOLAY!
*hypnotizes enemy into snapping their own neck*

Me:WOOLAY!
*begins running a marathon*
Woolay by quan cheese April 27, 2012
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Wooly bobos 

Slang term for testicles. More than likely it is an unshaven, unkempt, not manscaped pair of testicles. Hence the wooly.
In the summer I need to be careful prior to sitting. Don't want to accidently crush my wooly bobos.
Wooly bobos by M_Dubz152 June 9, 2023
Reference to a friend or someone you are talking to.
Guy 1: "Hey wootay!"
Guy 2: "What's Up?"
wootay by RocBoy January 9, 2009

Wooly woofter 

it is rhyming slang for poofter which is slang for a homosexual man
Look at that wooly woofter outside the BEAT what a nancy.
Wooly woofter by Sparst May 13, 2005

Wooly necker 

A name normally given to Welsh people who put their heads up sheeps bums.
Man1: Dude! look at that guy with his head up that sheeps ass.
Man2: Wow he's a real wooly necker!
Wooly necker by Corywoolynecker September 12, 2009

Woolly Bush 

1. Common name of the Australian native plant species 'Adenanthos sericeus'

2. Expansive growth of hair; in an area thats best kept bare.
I bet she has the biggest baddest woolly bush; Im scared, I need to be held.

Damn girl; there aint no way Im going down there till you have mowed the lawn.

Bogan #1: Dude, she looks woolly.
Bogan #2: Yep, sure is.
Bogan #3: No way dude, you didnt. That is so luke warm.
Bogan #2: Ive been exploring that for the last couple of weeks. Didnt your mother ask where I was?
Bogan #1: Too funny dude; he's been in your mums hot knickers again
Bogan #3: Bite me. Have you found any treasure in there?
Bogan #2: Sorry dude; I was miles away, thinking about your mums hot knickers again. No treasure, but I did catch a shitload of crabs and its wall to wall scrot-rot down there.
All bogans together: mmm... woolly bush
Woolly Bush by Luke Warm August 6, 2008
1) noun used when referring to a vagina with an offensive scent. also known as a woolybooger.
2) term used to describe a person place or thing that resembles an unkempt snatch or behaves in a vajay like manner.
"that girl's woolant was unforgivable"

"come on, sarah, don't be a woolant."
woolant by mffffffff September 28, 2009