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You all miss the point. mkay, as in the South Park satire, was used by a smug, patronising teacher who says it after a lesson in a tone of fake understanding and empathy with his listeners. Nobody would use it as a substitute for 'okay' except tongue-in-cheek, mkay?
mkay
mkay by mmmmkay9 October 16, 2008
Billybob:Mkay, today class we will learn about skull fucking mkay
mkay by L2L1 March 27, 2005
Its a sexier okey
Mkay by Daddylicker69 March 8, 2017
Another way of saying, Okay, sometimes, if not all times, used sarcasticly
"omgz UR lyke TEH UGLY"

"Mkay"
mkay by Maybelline April 9, 2006
1. somethign you say randomly at the end of a sentence, used as "ok".
"come out tonight.."
"mkay"
mkay by Pirate Laura August 7, 2006
Australian word (slang) for ok. Used normally to be original.
It is thought the Word was invented in Brisbane Australia.
Hmmm Mkay mate I am sure the lions will loose but whatever.
I wanted to go to Spain but Mkay I guess we can go to Portugal instead
Mkay by Oudry May 30, 2016