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1.
An accidental combination of both "yo" and"howdy".
Bryan: What's up, G?
Gary: Yody!

*Awkward Pause*

Bryan: lol. I guess that works.
by MFBS June 27, 2012
 
2.
to look like Yoda from Star Wars
I feel for that yody kid,I bet his mama even calls him Yoda with them big ears.
by Bob the bander October 30, 2007