The term used when a person is in process of, or is currently, sleeping. The term can be used in other instances as well including, "hook ups neow" or "seacos neows".
K-dubs just told Gemma Louise it was time for seepies neow.
Lee wants to go seepies neow but Molly said NONO.
Shhh, Pete and Danny are seepies neow.