The Collaborative International Dictionary of English v.0.48:

Motley \Mot"ley\, n.
   1. A combination of distinct colors; esp., the party-colored
      cloth, or clothing, worn by the professional fool.
      --Chaucer. "Motley 's the only wear." --Shak.
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   2. Hence, a jester, a fool. [Obs.] --Shak.
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   Man of motley, a fool. [Obs.] --Beau. & Fl.
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