look up any word, like donkey punch:
 
1.
An exclamation used when something is extremely crazy or surprising, whether the results are good or bad. A combination of the words "way" and "crazy."
When something was really bad...

Coworker #1: Yo, did you hear about that church shooting? I can't believe that shit!

Coworker #2: Fo shizzle, that dude was waycray.

When something was really good...

Coworker #1: Yo, that bourne ultimatum movie was off the hook!

Coworker #2: Fo shizzle, that part when he drives off the parking garage was straight waycray.
by Hyndrix December 12, 2007