Hokay is a term (meaning "ok") used by Arab rap sensation Group X in their social-political commentary on the United States and their dominance over the world in the "End of the World".
"Hokay, here is the Earth- chillin'. 'Damn, that is a sweet Earth,' you might say. Wrong."
Hokay, here eez zee Earth- cheellin'.
'Dayum, zat eez a sweet Earth,' you might say.
WROUNG.
Hokay, here's tha earf, daayum it's a sweet earf ROUND. So besides the ice CAPES melting or meteor become crash into us, we're definately going to blow ourselves up. HOKAY...
Example 1
Guy 1: "Is she any good at giving head bro?"
Guy 2: "Eh, she's hoekay."
Example 2 Guy 1: "Wait dude are you gonna bang her?"
Guy 2: "Yeah, she gave me the hoekay."