n., pl., -lies.
A deep ditch or channel cut in the earth by running water after a prolonged downpour.
v., -lied, -ly·ing, -lies. v.tr.
To wear a deep ditch or channel in.
v.intr.
To form a deep ditch or channel.
[Perhaps alteration of Middle English golet, throat, channel. See gullet.]
gul·ly2 (gŭl'ē)
n. Chiefly British, pl., -lies.
A large knife.
[Short for dialectal gully knife : gully (probably alteration of Middle English golet, throat; see gullet) + KNIFE.]
The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.