Baloney in this case, means "nonsense."

English;

That's baloney. He’s just making up an excuse not to go to the party.

Come on, Jack is a good guy. He wouldn't tell me something that is baloney.

Okay, okay. Forget what I said! It was all just a bunch of baloney, anyway!

Chinese;

Nà shì húchě. Tā zhǐshì zài biānzào yīgè bù qù cānjiā pàiduì de jíkǒu.

Bàibài, jiékè shìgè hǎorén. Tā bù huì gàosù wǒ yīxiē húshuō bādào dehuà.

Hǎo de, hǎo de. Wàngle wǒ shuō dehuà! Wúlùn rúhé, zhè yīqiè dōu zhǐshì húshuō bādào!

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