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!
Can also be written "oy vey". A phase used to convey the feeling of being impressed/overwhelmed at an impressive thing, or at a repetitive/tedious task.
Person 1: We spent an hour on this and sorted through all of your shit... now we have to do it again!
Person 2: Uy vey...