A celebratory gesture to celebrate success or just an exclamation of joy of some sort. Acknowledgment of accomplishment. Football players yell this for instance when they sack a quarterback or make a big play and hold both of their hands backwards up close to their ears.
Me: "Yo what did you do tonight?"

Friend: "Me and DougyFresh just eiffel towered the shit out of that smeaze."

Me: "YIE YIE!!!"
by Uncle Sexy April 4, 2009
Get the Yie Yie mug.