look up any word, like sex:
1) Getting screwed on a deal;

The phrase originated with the term 'butt raped' to describe the feeling of getting screwed on a deal. Then, it was 'butt raped with no KY jelly,' (sex lubricant) which then turned into just 'No KY'
Example: "Three fifty for a soda? No KY, man..."
by TheoDizzle June 29, 2005
ghetto name for Northern Kentucky
Just hangin' in NoKY - the finer part of the state.
by snaz June 04, 2005