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1. ay ay
Used heavily in El Paso, Texas, USA and Ciudad Juárez, Chihuahua, Mexico, "ay ay" is the repetition of the Spanish word "ay" which is equivalent to the interjection "oh" of the English language. When "ay" is said twice, i.e. "ay ay", it functions as an expression or acknowledgement of frustration, absurdity, disdain, and other "negative" feelings.
Some Mexican dude: I'm going to run for president.

Some Mexican chick: Ay ay.
by Paco Belmondo Apr 20, 2005 add a video
2. ay ay
used in place of "whatever", "yeah right", "no way", or "nuh-uh"
ex1: -"Ey guey, i just won 1000 bucks!"
ex2: -"ay ay!"
ex1: -"Seriously, i did!"
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