oily

A cigarette. From the Cockney rhyming slang Oily Rag = fag.

I am going outside for an oily.

Got any spare oilies?

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oily

when someone is cooler than everyone else; rises to the top. It's like how oil sperates from water. oil being the kick ass people and water being everyone else.
(the definetion should probably be made clear, before or after use, since there is the literal kind of oily. ick)

This is an old term, from somewhere such as Leave It To Beaver.

"she's oil"

"damn that bitch oily"

"What can i say, i'm oily, I rise above the rest"

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oilies

From Russel Brand (legend) - their breasticles people.

'I Love Her And Her Oilies.'

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Oily Watson

When your massage therapist is forced to oil your anus and enter you by any means necessary.

I hear that massage parler on 54th gives the best oily Watson on this side of town.

oily fart

A fart that can occur while on certain meds or after eating certain foods that is similar to a shartbut much more liquidy. It can also leave a grease ring.

Paris Hilton: I better not wear white pants for a while
Nick Lachey : Why?
Paris: I'm on some meds to control my shopping sprees and they give me oily farts, I wouldn't want to leave a grease ring around my ass.

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oily discharge

to release an oily water-like substance out of the anus, after consuming low to non-fat foods, such as WOW chips.

"I have to go clean the oily discharge out of my underpants."

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Oily danglers

To define the words ‘oily danglers’ you’ll probably have to close your eyes and think of a time when those perfect fantastic foreign women bask topless coating themselves with that oil based suntan lotion making them glisten and look so delightfully succulent you just want to help apply the lotion.

Also any magnificent breasts your fondling, sorry massaging with oils for your sexual gratification............I mean........for the woman’s relaxing massage your treating her to.

Or

Any pair of breasts with any oil based product on are known as ‘oily danglers’.

“What the fuckers is wrong with you dude?” I asked dude as his jaw dropped, his eyes popped out and then drool started dripping.

Composing himself dude answered “look at the oily danglers over there”
“Mmmmmmm.......I like” I mumbled as my mind wondered into some really dirty thoughts.