Perforated (5)
'perforated' is the definition.
(I've seen this before)
This is all the clue.
(Other definitions for holed that I've seen before include "after being hit by torpedo" , "Potted (ball)" , "Pierced side" , "Scuttled" , "Punctured" .)
'perforated' is the definition.
(thesaurus)
This is all the clue.
(Another definition for holey that I've seen is " Full of perforations?".)