What is the meaning of Lolly?

A piece of hard candy on a stick; a lollipop.

An ice lolly; a popsicle.

Money.

Any confection made from sugar, or high in sugar content; a sweet, a piece of candy.

An easy catch.

A lump.(clarification of this definition is needed)

Snow or fine ice floating on water.

That elicits a response of LOL; funny.

lollipop, lolly

penis

Source: wiktionary.org