vay·
cay (vey-
kay)
--noun
1. A period of time devoted to pleasure, rest, or relaxation, especially one following termination from employment or school.
2. Early or temporary retirement.
3. A period of suspension of
work, study, or other activity, usually used for rest, recreation, travel, or just goofing off.
4. Freedom or release from duty, business, activity, or obligations.
"Oh, you say you had to
work overtime at
work today?
Well, today on vaycay, I woke up at noon, grabbed some sun, squashed a few brits on Xbox Live, and then closed down the bars."