A boy/girl who incites a high pitched and excited squeal and an uncontrollable desire to squeeze and hug the other person. Usually used as a term of endearment as a way of avoiding cliches like honey, baby and muffin. 'Squee's' are often loveable, fond of strange dancing, easily excitable and can sometime have features like a monkey.
Oh Squee! who's a good boy?! I just want to squeeze your face off.
I was talking to Squee the other day and for an instant thought he had a ridiculous monkey face.