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1.
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
автор: ej9595 18 февраля 2011
 
2.
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
автор: LovinoLovesFinlandEh? 21 августа 2010
 
3.
my dawg; real cool friend.
Yo whats up fool ay?
автор: Sweet-K 7 февраля 2011
 
4.
an expression to say hello
-hello Tommy, how are you?
-wassup foolay
автор: Minkoolay 13 июня 2008