The Collaborative International Dictionary of English v.0.48:

Godly \God"ly\, a. [God, n. + -ly. Cf. Godlike, Like.]
   Pious; reverencing God, and his character and laws; obedient
   to the commands of God from love for, and reverence of, his
   character; conformed to God's law; devout; righteous; as, a
   godly life.
   [1913 Webster]

         For godly sorrow worketh repentance.     --2 Cor. vii.
                                                  10.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Godly \God"ly\, adv.
   Piously; devoutly; righteously.
   [1913 Webster]

         All that will live godly in Christ Jesus shall suffer
         persecution.                             --2. Tim. iii.
                                                  12.
   [1913 Webster]

WordNet (r) 3.0 (2006):

godly
    adj 1: showing great reverence for god; "a godly man"; "leading
           a godly life" [syn: godly, reverent, worshipful]
    2: emanating from God; "divine judgment"; "divine guidance";
       "everything is black or white...satanic or godly"-Saturday
       Review [syn: divine, godly]

Moby Thesaurus II by Grady Ward, 1.0:

55 Moby Thesaurus words for "godly":
   Christlike, Christly, God-fearing, angelic, celestial, devoted,
   devout, divine, empyrean, faithful, godlike, godly-minded, good,
   heavenly, holy, holy-minded, honest, incarnate, incarnated,
   intercessional, intercessive, just, made flesh, mediative,
   mediatory, moral, otherworldly, pietistic, pious, prayerful,
   propitiative, propitiatory, pure, pure in heart, purehearted,
   redemptive, religious, reverent, right-minded, righteous,
   saintlike, saintly, salvational, self-existent, seraphic,
   spiritual, spiritual-minded, straight, superhuman, supernatural,
   transcendent, unearthly, unworldly, upright, virtuous