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1.
An exclamation used by hunters, fishers and other country folk when just about anything happens. It's used under any circumstances usually with the phrase "live action" added in before. Hunters will occasionally raise their guns in the air to exclaim a yee yee.
(Yee may be repeated more than twice if appropriate.)
Hunter: let's head out, yee yee!!

Fisher: I got a fish on the line yee yee!
Country bumpkin: mama made apple pie yee yee!
Turtleman: live action yee yee!
by Thestagstalker December 08, 2012
 
2.
The term douche bag guys who think they are country use. Often they think they are country. Favorite country singer is Earl Dibbles Jr.
Guy 1: "Want to go drink and shoot tonight"
Guy 2: "Yee Yee"
by thecrazypunkgirl June 10, 2014
 
3.
An asian / Oriental girl.

So named from the high-pitched sound they make when penetrated by anything larger than a pinky. "yee-yee-yee-yee-yee-yee-yee"
just watch a japanese porno sometime.
 
4.
sometimes mistaked for ya ya

yee yee is a slang term of the above used by gangsters everywhere
yo nigga, you gettin crunk tonite

yee yee nigga
by t*dizzle01 March 28, 2006
 
5.
YeeYee meaning a big booty white girl......................
Mark:"damn nigga u see dat girl over there?" David:"yea bruhhh she's a yeeyee" Mark:"A YeeYee?What's a YeeYee?" David:"shoot u better step your game up with da word cus its a muthafuckin white girl with a big old booty do"
by Jackodave March 08, 2009