A shilling was a unit of money that was used in Britain until 1971 which was the equivalent of 5p. There were twenty shillings in a pound. COBUILD Advanced English Dictionary.
Ollie [ol-lie] as a name for girls (also used more widely as boys' name Ollie) is a Latin name, and the meaning of the name Ollie is olive tree. Ollie is a version of Olivia (Latin). Associated with: olive (tree). Ollieâ¼ has 1 variant: Olia.
A Iâm not sure that there is a âcorrectâ spelling of the phrase. There are dozens of different forms of it, known to children all over North America at various times. The one Iâve come across is ollie ollie oxen free, but that may not be the most common form. Childrenâs sayings were hardly recorded until the 1950s, and they are very variable. Thatâs because theyâve been passed down orally from one generation to the next, with no adult intervention or correction.