When something is awesome, great, tasty, fresh, off the chain.
To refer to any Oscar Mayer brand product when describing how great it tastes/looks: "This Lunchable is Oscar wild!"
To refer to something in a positive manner: "That's Oscar wild!"
To describe how things are going in a positive manner: "Today is Oscar wild!"
Person 1: "How's it going?
Person 2: "Man, it's going Oscar wild!"
"Damn, that sandwich looks Oscar wild!"
"Your new car stereo sounds Oscar wild!"
Person 1: "Have you heard the song Beamer, Benz, or Bentley by Lloyd Banks?"
Person 2: "Yeah! That song is Oscar wild!"
Person A: “How’d you do on the exam?”
Person B: “Oscar wild. You?”
Person A: “Damn. Not THAT good.”