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Meaning 1: A word used to describe extreme embarrassment
Meaning 2: A substitute used for the word "okay"
Example 1: "You are so damn stupid" response: "Otay"
Example 2: "would you like a physical copy?" Response: "Otay"
Otay by SOMEONE MAYBE IDK January 23, 2023
Thots say otay
Otay by darkestdarci May 25, 2024
Informal response to say "okay", "sounds good", or "all right".
"Let's go use the ab machine."

"Otay."
Otay by ackmandunn January 29, 2025

Otay, Panky 

Translated: "Okay, Spanky."

A line from Little Rascals made famous by Gordon Lee, who played Spanky's kid brother, Porky. Lee's signature line, "Otay, Panky," came about because he had a speech impediment and couldn't say his K's and S's.

Currently thr phrase could be used as an affirmative reply when someone tells you something fairly obvious. It's a silly way of saying "okay."
Bob: "Don't walk in the steet because you might get hit by a car."

Fred: "Otay, Panky"
Otay, Panky by Tim in West LA September 8, 2008

otay buddy

Otay buddy stands for another word for ok buddy
Do your maths otay buddy
otay buddy by Happy cimbo November 5, 2020

otay buh weet 

1.used as a substitute for okay
2.acknowledgement
jake: hey wat up
cameron: otay buh weet
jake: WTF does that mean??!!
cameron: otay buh weet
otay buh weet by jake spaulding September 11, 2008