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
ayon kay ej9595 ika-18 ng Pebrero, 2011
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
ayon kay LovinoLovesFinlandEh? ika-21 ng Agosto, 2010
my dawg; real cool friend.
Yo whats up fool ay?
ayon kay Sweet-K ika-07 ng Pebrero, 2011
an expression to say hello
-hello Tommy, how are you?
-wassup foolay
ayon kay Minkoolay ika-13 ng Hunyo, 2008

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