Green’s Dictionary of Slang

spodiodi n.

also spo-dee-o-dee, bolly-olly
[ety. unknown, the wine is seen as a ‘jacket’ for the rough whisky; noted as a song lyric, ‘Drink wine spodiodi’, in Jack Kerouac, On the Road (1957); ? the rhythmic sound of the word is echoic of the mixing of the drinks; Décharné, Straight from the Fridge (2000), suggests McGhee’s lyrics were a bowdlerized version of ‘an obscene US army drinking song’ which ran ‘Drinking wine, motherfucker, drinking wine’]

(orig. US) a mixture of cheap port and generic bar whisky, much loved by jazz musicians and beatniks.

Mercury Pottsdown (PA) 26 Feb. 10/3: [advert] All Colored Floor Show and Dance. [...] Dance to Cornbread and Honeychile [...] Spodiodi (the Funny Colored MC).
[US]Stick McGhee [song title] Drinkin’ Wine Spo-Dee-O-Dee.
[US]Kerouac On the Road (The Orig. Scroll) (2007) 295: Men and women stood against the wall drinking wine-bolly-olly and spitting at the stars.
[US]Kerouac On The Road (1972) 185: A coloured guy called Walter who ordered drinks [...] and said, ‘Wine-spodiodi!’ which was a shot of port wine, a shot of whiskey and a shot of port wine.