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adjective or exclamation used to describe a situation that is worthy of celebration while at the same time being heinous or awful enough to warrant a "boo".
Stephanie: I got fired today. But hey, now I have more time to work on my novel.

Katie: Booray to that!
booray by katiedid1086 February 3, 2010
Related Words
Used as a prison rape inuendo. Basically any sentence can be twisted to a prison rape joke.

The sentence "boooay" is used in MUST BE said in a rough, prison man voice or it doesn't work.
Inmate #1: "That blanket sure did keep me warm last night"

Inmate #2: "I'LL keep you warm tonight, boooay!"
Boooay by Prisonmang September 3, 2003
Everytime I be up in 'da club, I be peepin' out sistas with the thickest of bootrays.
Bootray by nothardatwork August 26, 2009