1 definition by Dago Inc.

A form and phrase of astonishment for people of Jewish descent. Also refers to excitement of a half price off sale or any other type of discount on useless yet cheap items.Along with excitement to sales and bargains, the term "oy vey!" can also associate with a negative excitement such as an outrageously overpriced item.
Pat:Look guys there's sale at Urban Outfitters!!!
Matt:Pat! Shame on you! Those prices in their are definately outrageous! Oy vey!!!
Mike:Yeah Pat I'm with Matt on this one,oy vey indeed!
by Dago Inc. October 20, 2006
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