An incorrect way of saying No Way, Jose. Alot of Britsh kids say it. An urban myth is that some Brit kids think that hosay means " a hose that at the end has sumone going wahayyy". This is incorrect.
It is No Way Jose.
Prince Harry: Would you like to have some tea and crumpets?
Queen Elizabth: Noway hosay, it's tea and scone! SCONE SCONE SCONE!