2
hy is simply the phonetic abbreviation of the commonly used greeting "hi", and as far as i know has its origins in the GNAA, or at least that's where it seems to be used most commonly. As seen below it is frequently accompanied by the acronym "LOL".
by SATANIC JIHAD ALLAH IS GREATEST May 02, 2006
3
hell yea, hellz yea, heck yes, etc. Computer slang shorthand ive run across a few times and seems to be being used more often.
by Mark Weizbox February 24, 2005
5
"Hy", the acronym most people scarc(e)ly use as "hello", or "hi". It can also mean "hell yeah, hell ya, hell yea". I'm sorry for my bad spelling, :(.
by -=:/Teh Alex\:=- November 24, 2005