Wakey Fakey Share definition Flag A lie used to get someone out of bed in the morning. From the phrase 'wakey wakey'. 'John get up, the bed is on fire!' 'Wakey Fakey!' Wakey Fakey by Atani August 26, 2006 0 0 Get merch Get the Wakey Fakey mug. Buy Now — $32.95 See more merch