it is rhyming slang for poofter which is slang for a homosexual man
Look at that wooly woofter outside the BEAT what a nancy.
de Sparst 23 Martie 2005
A person who is a poofter.Someone who woofs woollies. A queer
george michael,prince,elton john,the small one from take that and the fat one from westlife are all a woolywoofter(gay) in their own league
de fuckshu 12 Ianuarie 2011