A phrase that is used when something is beyond cheesy/corny. The phrase orginates from cheese gone bad. The bad mold in cheeses creates a harmful bacteria. The mold can send threads of mold into the cheese to create the bacteria as does an extra dose of cheesy. Hence the phrase.
Sarah: "There's only one of you. You're irreplaceable.."
Mary: "Moldy cheese!" Haha
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Someone who does something they don't want to do because they are afraid to speak up. My friend ate a moldy cheese sandwich her senile grandmother made her because she didn't want to hurt her feelings.
You are such a moldy cheese-eater!
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Some middle age man that looks like Vin Diesel and has mould on his head that looked like it came from cheese.
He looks like a moldy cheese head, Yuck!