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1.
Olly olly oxen free is a phrase used in children's games, which is generally used to indicate that people who are hiding (in a game of hide and seek, for example) can safely come out into the open.
Olly Olly oxen free!!! Nate yelled to get Gary out of hiding.
door Brian Funk 22 februari 2008
 
2.
How osama was caught.
navy seals: "olly olly oxen free"

osama bin laden: "dirka dirka jihad alla"

navy seals: "we got him obama"
door the american... 8 mei 2011
 
3.
originally all ye, all ye, "outs" are free. meaning the one looking for you will call "olly, olly, oxen free" and the one in hiding can come out of hiding and not be tagged as "it" (the next one looking for all the ones hiding)
{olly olly oxen free} {hide n seek}
door The Lil 18 februari 2011
 
4.
When playing Hide & Seek, this term is to indicate the the player in hiding gives up. To quit, to end the game.
olly olly oxen free! I GIVE UP.
door Seeeeeker 27 december 2009
 
5.
The gayest 3 words ever.
Olly Olly oxen free really should be; Olly Olly fuck yourself!
door KbAB 9 mei 2011