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The first meaning is that some thinks they are super cool Sauve or just over confident and it turns out they are quite the oppisite. They are just plan full of crap and corny.

The Second meaning is that when someone has no confidence in something they have to or should do and you know they can do it, they are down on themself for no reason that you can see, then they are Yoy, or just plan old looking for attention. Then we add on Bag to make YoyBag a person Full or Yoyness

The third is just a plan old Goof Ball, silly, and you are Enjoying it.
Example # 1 - Like Bill Murray (Something McKraken)in the movie "King Pin" where he thought he was cool and Sauve but, he was Super Yoy, with that Swoop hair did that flowed the other way as he threw his ball down the lane and he thought he was Sexy.....A True Yoy Bag to the highest Level.

Example #2 - When you have a friend that is a really good artist and you think that they have the best talent around and they start doubting themselves. It could be the low self esteem factor or that they really want attention.
Friend " I do not think I should even enter the competition because I will only lose"
You: Oh, Please, you know you have a good chance, you are a Yoy Bag
Yoy by Yoyina June 29, 2006
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When you mean to type you but you type yoy.
"Wow, I just love yoy so
much"
Yoy by harry truman! May 14, 2015
Related Words
yoyo yoy yoylecake yoyoer yoya Yoy’all yoyeojin Yoyerwack yoyin yoyle
When one accidentally spells You as Yoy.

Saying Yoy, three times in the mirror at midnight during a full moon can be used to summon Doodlebob (from Spongebob)
Nee oy hoy minoy

Nee oy Yoy mee noy me Mongoloid
Yoy by SolEnlightened March 21, 2021
Men are shit
Ugh I agree with the term Yoy . It’s so true
Yoy by Ar$0n June 29, 2021
Yoy is a cultural Belfast term for Anything. It is the "wild card" of words - the Joker. It is primarily used in cases of disbelief, sheer homosexuality, or whenever another word cannot be thought of. It is an excellent reply in times of shock or poor attitude. It is anything. a Noun, a verb, an adverb - basically no matter what sense it is in, it will just be: "yoy" It was formed from its many ancestral words, such as "Goy" "Roy" "Hoy" "Bloy" and "Zoy". The ease of use means it can be used in any context. Ever. The longer the word is played out, shows how emphatic and pathetic the preceding statement was.
"Wanna sweet"
"Yoyyyyy"

"omg that shot was yoyyyy"

"England are amazing!"
"Yoyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy"

"Take care duder, chin up!"
"Yoy."

"Yoy."
Yoy by Gerard2006 June 27, 2006
Correction for yes, yo or you that feels 300 times better to say
Bob: Hey Steve, are yoy going to go bowling?
Steve: Heck Yoy!
Yoy by mikeydub July 16, 2017
For fucking idiots who can't spell you
Yoy obviously cannot spell you yoy fandan.
Yoy by Jethanfa June 14, 2018