When you're shocked, surprised, angry, or even excited, yelling out "HO-LEE!" is always the way to go. It can be said in the worst kinds of situations or the bets. It can be used as an adjective.
by martyzee23 November 19, 2011
When you're about to ham, or shit yourself, when you're happy as fuck or when you feel like you wanna punch someone in the face.
Teacher: Good job, you got perfect on your test
Student: HO-LEE!
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Guy 1: You look a complete fag today...
Guy 2: HO-LEE! WHO THE FUCK ASKED YOU!?
Student: HO-LEE!
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Guy 1: You look a complete fag today...
Guy 2: HO-LEE! WHO THE FUCK ASKED YOU!?
by martyzee23 November 20, 2011