Shortened version of Lolita or lolicon which is Japanese anime/art depicting most often a young girl or preteen. The word lolicon is the synergy of 'Lolita' (see also, book by Nabakov) and the psychological word 'Complex.' <Alternative: Could be a play on the word lollipop...>
The lolli that the anime artist drew was flat-chested and big-eyed and tiny and in her panties.
by SweetPete SweetPete May 17, 2007
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Lolli: slang; The quality of being translucent, usually jelly-like in appearance and and pink or peachy pink. can be applied to any part of the body that one considers attractive.
"Love your lolli lips. They're so sexy!"
"Ter tits are so nice and lolli, I just want to suck on them"
by Tillatems May 18, 2010
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Same as penis, cock, dick.
Used to be kinky.
Go suck ona lolli.
He wanks the hell out of his lolli.
Let me suck on ya lolli.
by Gabi February 15, 2005
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After using lol (laugh out loud) for a while, some may choose to expand this abreiveation. It is extremely annoying and you hate whoever said it.
something slighly funny was said
- LOLLY LOLLY
(in an extremly nausiatingly annoying voice)
by jessica0106 April 06, 2009
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Australian, n, sweets; candy; confectionery;
I gave her flowers and lollies like a real gentleman. She still wouldnt put out though.
by herbie August 31, 2004
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A grass.

Someone who sings like Sinatra when arrested.
I've been hearing a lot of thing about you being a Lolly mate.
by Jbird86 December 19, 2015
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Australian version of candy.
Therefore also used to mean an ecstacy tablet (which is sometimes called candy).
"You fellas right for lollies?"
meaning:
"Do u want to buy any ecstacy?"
by Diego November 08, 2003
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