/ Dictionary / Index L lollywater: Meaning and Definition of Find definitions for: lol•ly•wa•ter Pronunciation: (lol'ē-wô"tur, -wot"ur), [key] — n. Australian Slang. a sweet soft drink, esp. one brightly colored. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. lollygag Lolo Related Content Daily Word Quiz: arboreal Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language