baloney / bologna are similar-sounding terms with different meanings (referred to as homophones). To better understand the differences, see below for definitions, pronunciation guides, and example sentences using each term. 👇
baloney: (noun) pretentious or silly talk or writing.
bologna: (noun) the capital of Emilia-Romagna; located in northern Italy to the east of the Apennines. (noun) large smooth-textured smoked sausage of beef and veal and pork.
baloney: b·ah·l·OW·n·iy
bologna: b·ah·l·OW·n·iy
(Examples are Wikipedia snippets under the CC ShareAlike 3.0 license. Definitions drawn from WordNet.)