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Popularized by Mr. Mackey of South Park. Can be added to the end of nearly any sentence. Also used alone as a question.
'mkay by Akujin Rurouni October 23, 2003

Perty Gay Like That MKAY

When someone uses the term, "Perty Gay Like That, Mkay?", s/he is not in any way referring to a homosexual person. S/he is innocently pointing out that the person is acting perty gay. This is often confused with actually slandering someone for being gay.
You perty gay like that, Mkay?
M'kay class, can you all please stay seated, m'kay?
m'kay by Anthony April 24, 2003

drugs are bad m'kay 

something mr. mackey says m'kay
Slang for "Ok" originally coined in the cartoon South Park.

Pronounced: Mmmm Kay
Terrorist are bad "M-Kay"
M-Kay by Todd M. Lowdermilk June 12, 2005
A word commonly used by guidance’s councilor Mr. Macky from South Park that refers to okay..

On another note m'kay might be linked to the creators of South Park - Matt Stone / Trey Parker and there love of K / Ketamine

m'kay by chuckthefuk January 20, 2006