Pronunciation: (fol'ē), [key]
—pl. -lies for 2–6.
1. the state or quality of being foolish; lack of understanding or sense.
2. a foolish action, practice, idea, etc.; absurdity: the folly of performing without a rehearsal.
3. a costly and foolish undertaking; unwise investment or expenditure.
4. Archit.a whimsical or extravagant structure built to serve as a conversation piece, lend interest to a view, commemorate a person or event, etc.: found esp. in England in the 18th century.
5. follies,a theatrical revue.
6. Obs.wickedness; wantonness.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.