Pronounced: Coo-lee Whoo-lee

1. Someone who thinks they did something cool and then acts like they're the shit.

OR

2. Someone who thinks they're just plain cool.
Examples:

1. Guy1: *Scores high in Dragon Punch* (The game commonly seen at bars, where you punch the fuckin thing to see how strong you are.) *........Walks away.*
Guy2: "...What a cooley wooley..."

2. Guy1: *Wearing a cowboy hat or something faggish at a club*
Guy2: "...Hey, check out that cooley wooley."
by B-son January 11, 2008
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