Meaning of lolly

lol•ly

Pronunciation: (lol'ē), [key]
— pl. -lies.
  1. lollipop.
    1. a piece of candy, esp. hard candy.
    2. a treat.
    3. a small bribe or gratuity.
    4. money.
  2. to lose one's temper.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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