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First of all, it is YIDDISH, not Dutch or Swiss-German. (Swiss-German? Where did that one come from?) It means: "Woe is me" and is an expression of surprise, unhappiness, and disgust. And as for all you Deutsch-and Schweizers: Du verdammter idiotes! Ja, du kleine scheisse! Das ist Yiddish! YIDDISH! (the grammar may be wrong, I don't spreche that well)

Now that I'm done ranting (Oy vey! Did I really just say all that?) I can say one final thing. To all who think it's French, German, or Dutch, you are a shanda far di goyim! Thank you.
1. "Oy vey. You're all idiots"
2. "Oy vey, slow down, you're going too fast!"
Oy Vey by Crazy Mixed-Up Yid May 17, 2010
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This is a Yiddish phrase... not French like some dumbasses think.
Related Words
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!
oy vey by Dago Inc. November 6, 2008
A explanation of dismay or exasperation.

It derives from Italian dialect and was later picked up by the Yiddish
"Oy Vey, Katie is so stubborn."
oy vey by I'm feelin Randy May 11, 2013
Schwytzer Düütsch (Swiss German) (heard it said in and around the German-speaking parts of Switzerland. Who knows, could be the Jewish influence...): oh no!
(Sitting with a group of friends in the local pub and someone you all don't really want to see walks in): Oy vey! Haascht gesehe' wer reinkommt, Gel?
oy vey by JulesNZ July 31, 2006
A term that used to be used by Yiddish and Jewish people, but is now used by antiemetics who think they are being clever, but in reality, are only losing their credibility and making them look dumb while proving they have no evidence to back themselves up.
oy vey by IKTV October 28, 2018
its DUTCH not yiddish, as believed by some unbalanced nojewish people.
Unbalanced child: oy vey is JEWISH.
Validargument kid: Its dutch. everyone knows that.
Unbalanced child: oh yea, youre right, i think ill go change my shoelaces now.
oy vey by Safff October 19, 2007