DOUBT
Yes, "nowt" is slang for "nothing".
nowt
Nowt.
Nowt
Nowt.
Sorry but unfortunately, assuming you are looking for end rhymes, there is no other word that rhymes with wolves other than werewolves. If you need more rhyming words or want to see this yourself check the related links.
He is gay, nowt wrong with that!
nowt egg
by doing nowt you silly sausage!
nowt egg
In England it means "nothing" or none, as in "Hey, do you have some spare change?" answer "I am sorry, I have nowt to give you." Other English speakers may use "naught" (nothing, zero) in the same context.
nowt coz he ent got any