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!"
by Crazy Mixed-Up Yid May 17, 2010
Get the Oy Vey mug.
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!
by Dago Inc. October 20, 2006
Get the oy vey mug.
A explanation of dismay or exasperation.

It derives from Italian dialect and was later picked up by the Yiddish
by I'm feelin Randy May 11, 2013
Get the oy vey mug.
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?
by JulesNZ July 31, 2006
Get the oy vey mug.
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 the goyim know!" -Says the antisemitic
by IKTV October 28, 2018
Get the oy vey mug.