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Pssssshhh, is the sound of hot air comming from an object or also can be used to imply that what is being said to you is bogus.
It could be the the releasing of steam from an object for example: The hot water heater is smoking and making a Pssssshhh sound.
or,
It could be a sound that one person makes to another for example:

Tom: "I'm gonna win that race, i'm the fastest cat in town!"
Jerry: "Pssssshhh, dream on Tom Cat, everyone knows the mouse always wins!"
by N!ke October 18, 2010
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