Webster's Revised Unabridged Dictionary · 1913

baloney

baloney ({not transcribed}) , noun

[Believed to be derived form balogna, but perhaps also influenced by blarney.]

1.
nonsense; foolishness; bunk; -- also used as an interjection. [slang]
No matter how thin you slice it, it's still baloney! — Al Smith
2.
informal variant of bologna, for bologna sausage. [informal]