The Collaborative International Dictionary of English v.0.48:

Taffy \Taf"fy\, n. [Prov. E. taffy toffy.]
   1. A kind of candy made of molasses or brown sugar boiled
      down and poured out in shallow pans. [Written also, in
      England, toffy.]
      [1913 Webster]

   2. Flattery; soft phrases. [Slang]
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Toffee \Tof"fee\, Toffy \Tof"fy\, n.
   Taffy. [Eng.]
   [1913 Webster] Tofore

WordNet (r) 3.0 (2006):

toffy
    n 1: caramelized sugar cooled in thin sheets [syn: brittle,
         toffee, toffy]