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2. Oh wait
Oh wait.....Is she a big fat person....?
From silence of the lambs.

Used mostly when you are kidding,

Other spellings include,

O wate, Oh wate, O weight, O8, etc.....
I just shit my pants.....oh wait, I mean......farted

I just got a massage from craigslist and it was a dude.......Oh wait.....I mean a blow job....2x Oh weight
1. oh wait
something you say after you just made fun of someone for something they did or didnt do.
hey greg, good job on winning the contest earlier today...oh wait
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