Plural form: N/A
Origin: Derived from DJ SQUIRREL REMIX, an 8 year old boy who enjoys dancing like Lil Bow Wow.
1: An interjection used to acknowledge a witty and/or clever comment; usually accompanied by a squirrel-like movement of brushing dirt off each shoulder
2: Similar to "Oh snap!"
A: God, that chick gets fatter and uglier every time I see her.
B: I totally want to donkeypunch that bitch!
A: Ohohohoo dj squirrel!!