Place-holding expression used to buy time in a conversation, especially when searching for a polite response to a breathtakingly dumb statement by someone else.
"Watching 'Kangaroo Jack' changed my life!"

"Okaaay . . . "
by John Murray February 24, 2003
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Comes from a part of the movie Wayne's World in which the host says to Garth (Dana Carvey) "Your name is pronounced Algar, correct?" to which Garth hesitates uncertainly with an "Okaaay..." and then "WAYNE!" Saying this phrase means you either do not understand something someone has said, or you are greatly disturbed by it (or both).
This phrase will constitute the epitome of your feelings when the following occur:

1)Your parents start singing an old and scary song.
2)Your friends or someone else say something dumb or just plain weird.
3)Something just happened, but you aren't sure what, exactly.
by KLOT November 12, 2004
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