A mild insult for an idiotic person meaning stupid bollocks. Ollies literally refer to marbles (the small, round, glass toys for kids) but in this case are used as a metaphor for balls or testicles.
'Oisoft ollies! You just spilled your drink all over me!'
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.
"Base we've got some square groupers floating outside of Miami harbor."