is or golly can be (uk) a galosh or golly can be (australian slang|juvenile) chewing gum.
As a verb golly
is (australia|juvenile) to spit; to force up phlegm from one's throat “golly'”, entry in '''1984 , eric partridge, ''a dictionary of slang and unconventional english , 8th edition, reprinted 2000, [http://booksgooglecomau/books?id=tvrp1whvfusc&pg=pa483&dq=%22golliwog%22|%22golliwogs%22+partridge+-intitle:%22%22+-inauthor:%22%22&hl=en&sa=x&ei=oe5it9-uhrg5iafdui30bq&redir_esc=y#v=onepage&q&f=false page 483].