Green’s Dictionary of Slang

tolerably, acceptably.

1838		Coventry Standard 14 Sept. 3/3: If the ‘rint’ [i.e. rent] came in pretty tol-lollish it would be a lucrative post.
1846		‘Epistle from Joe Muggins’s Dog’ in Era (London) 27 Dec. 3/4: We are counted tol-lol-lish judges of horse flesh.
1864, 1867, 1870		Hotten Sl. Dict.
1889		H. Smart Long Odds I 110: ‘He further bid me tell you [...] that they did the thing [i.e. catering] tol-lolish at Temple Rising’.