baloney /bologna [bǝ’lǝʊni]
baloney – n. – 1. a large sausage, cooked and served cold. It has a uniform texture; 2. Informal, nonsense, foolishness
bologna – n. –a large, usually smoked, sausage made of finely ground meat, herbs and spices, cooked, sliced and served cold
While both of these refer to a large, spicy sausage that is served cold, only the first one has the second meaning. They are not interchangeable because of this meaning.
This extra large sausage refers to the way it is prepared not the meats used as this can also be made with tofu or other ingredients to render it vegan.
However, just because it is listed as one of cold cuts, be careful if you have allergies or sensitivities, because there is a long list of ingredients.