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It is middle eastern-english for oi oi oi! It is used as and exclamation of surprise/shock and contempt; when a incident of some seriousness occurs.
Arab 1: Eesaayy bro did ya 'ear bou da' figh' yeaaahhhhh??

Arab 2: Oi oi oi oi oiihhhh, whaa' happen yeahhh??
by commonbastard June 13, 2012
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