moly /ˈməʊli/noun 2/ˈmɒli/ noun 2forms 1 noun2 •A magic herb or plant used by Odysseus to overcome Circe.It excels Homers moly, cures this, falling sickness, and almost all other infirmities. — 1624 •Any plant associated with the mythological moly, especially the European allium, Allium moly. moly /ˈmɒli/ noun2 •(informal) Molybdenum.The fuselage and tail unit were constructed of welded chrome-moly steel tubing, fabric covered, with two seats in one elongated open 'bathtub' cockpit. — 1990 •(slang) Molybdenum grease. formsmolies