This is a catchy catch phrase where your friends will use when they get something they want or use it when they are happy. It can also be a very annoying phrase at some points. It can be used to answer questions (it means I am excited to go or yes)
Do you want to go climbing today?
A. yeet yeet dog treat!!
When a female places a strategicly planned amount of peanut butter inside her vaginal hole and allows the family dog to remove it via licking it out.
Mom: -knocks on door- What's all that screaming I hear?
Julie: Shut up mom! I'm giving the dog a reeses dog treat... Oh god, its tongue is rather sandpapery tonight..