A celebratory gesture to celebrate success or just an exclamation of joy of some sort. Acknowledgment of accomplishment. Football players yell this for instance when they sack a quarterback or make a big play and hold both of their hands backwards up close to their ears.
Me: "Yo what did you do tonight?"
Friend: "Me and DougyFresh just eiffel towered the shit out of that smeaze."
Me: "YIE YIE!!!"
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