An exclamation of excitement, terror, or annoyance. Also, a watered-down version of holy shit.
Jed: Hey dude I just landed a 720 on the halfpipe. (snowboarding)

Ian: Holy snikes
by XxsemiaddictedXx November 30, 2009
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this is an exclamation that is normally yelled. it is used when something really good or something really bad happens.
when something good happens way-
kid:hey man i just got a new car
his friend:oh snikes!

when something bad happens-
kid:man my dad just died
his friend:oh snikes!
by mr pants April 12, 2005
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