- East London dialect a pickled cucumber or olive
perhaps from olive
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Examples from the Web for wolly
Wolly was not there, but his sister seemed to think any job would be welcome.
Wolly, zey call him zat ozzer name, it ees very deficult to speak and I forget.