1) Having a good time with friends
2) Acting like a Fool, not giving a care about what people think. Ultimate phase of "Foolery" and "Foolin"
- We gon be so foolay at this party
- Im so foolay today
by ej9595 February 19, 2011
Get the Foolay mug.
Somebody that has gone completly off the scale of the word 'Fool' in their stupidity or ridiculous act of trying to be awesome. Usually used as an insult but can be used as a joke when someone was just a bit embarrassing.
Awww Scott you're such a foolay. But we love you
by LovinoLovesFinlandEh? August 21, 2010
Get the Foolay mug.
-hello Tommy, how are you?
-wassup foolay
by Minkoolay June 13, 2008
Get the foolay mug.