It's an old term for Britain from the British Raj (Empire). Blighty (not Blightly) derives from Hindustani meaning foreign. Old Blighty was an expression popularised during the first world war including its use by the poets Wilfred Owen and Siegfried Sassoon and used in the old music hall. A blighty wound was one that meant evacuation to Britain but not life threatening. It is not used now apart from humorously or by some expatriates as a means of referring affectionately to the old country.
When the British were running India they were referred to as belati, or blighty meaning "foreigner", this became a slang term among the British for Britain, and was particularly popular amongst British soldiers in the first world war, when referring to home as "Dear Old Blighty"
Old Blighty.
THe great place of YOLOness
Take Me Back to Dear Old Blighty was created in 1916.
The US Flag is called Old Glory.
He was called "Old Rough and Ready" and sometimes "Old Zach".
Old San Juan is also called "old city".
James Longstreet had the nickname of Old Warhorse. He earned this nickname at the Battle of Antietam. He was called General Lee's Old Warhorse.
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It was often called a corduroy road.
James Buchanan ,15th President , was "old buck"- a natural nickname for Buchanan.