Spankies is a synonym of lollies.
As nouns the difference between spankies and lollies
is that spankies
is full underpants worn by cheerleaders, colour-coordinated as part of a matching outfit and designed to be seen under their skirts while lollies
is or lollies
can be (dialectal|rhode island) a type of undergarment worn by cheerleaders under their skirts in place of panties.
Kickpants is a synonym of lollies.