Used as a conversation place hoder. ie when you cant think of anything else to say. (usually with little or no emotion - to confirm that you were listening)
Person1: ...and so thats how i came to have a ferret up my clacker.
Person2: yay.
An exclamation that always needs to be louder. Most often used in conjunction with practicing cheers for a friends national competition.
RD: So now that you know the elements of a good cheer, lets hear one!
FS: *softly* yay
RD: Louder!
FS: *still softly* yay
RD: Louder!
FS: *again, softly* yay
RD: LOUDER!
FS: *Deep breath in, preparing for a loud cheer.* *Softly* yay
1. Extreme happiness.
2. Can be used in response to :) .
3. The suffix -vm can be used for humour purposes.
4. Discovered and utilized most frequently by a gentleman named Shaun.