Gum that bursts with flavored gel when you bite into it. The gum seemed innocent enough when I chewed it as a kid, but I've noticed it's since been sexed up to "The Gum That Goes Squirt". See also 80's, Candy, Innuendo.
As far as I know, Wooly Willie remains the only toy to have successfully turned metal filings into a plaything. The popularity of Wooly Willie later beget Dapper Dan the Magnetic Man, Hair-Do Harriet, and Whiskers the Cat. See also 50's.
Phrase used to describe a lascivious older woman, e.g. Martha Stewart. See also Women.
Good saying for explaining just about anything to children, for example why they didn't receive a Nintendo Wii for their birthday, See also Religion.