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The Collaborative International Dictionary
Tilly-vally

Tilly-vally \Til"ly-val`ly\, interj., adv., or a. A word of unknown origin and signification, formerly used as expressive of contempt, or when anything said was rejected as trifling or impertinent. [Written also tille-vally, tilly-fally, tille-fally, and otherwise.]
--Shak.

Wiktionary
tilly-vally

interj. (context obsolete English) (non-gloss definition: Expressing contempt, or rejecting anything trifling or impertinent.)