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Extreme happiness in many forms. Mostly to do with sexual pleasure or getting laid. Can also be used when something exciting (sexual or not happens). Often screamed in happiness(or in orgasm).
Woman: Are you close?
Man: BONNIWAY!!!!!!!

Friend 1: OH MY GOD STAR WARS IN CONCERT!!!
Friend 2: BONNIWAY!!!!!
by DeathAngel1313 May 03, 2010
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