A play name for Voldemort, the villain of Harry Potter. Scorpius Malfoy says this when he is comforting Albus. It is funny.
A: I hate Moldy Voldy!
B: No, Umbridge is much worse than Moldy Voldy!!!!
C: I hate Harry Potter...
A and B: WE HATE YOU!
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A comedic nickname given to the character Voldemort in JK Rowling's famous series, Harry Potter.
1 - I heard someone call Voldemort Moldy Voldy the other day. I damn near pissed my pants from laughing so hard
2 - *actually pisses their pants from laughing so hard*