This is a commonly used phrase to represent when a person is somewhat surprised. Or at times people say it just because it is one of the most commonly represented phrases in our world today.
"Ass yo, my car was stolen, ass." "ASS YO." "Ass yo, I'm out."
" Luke likes it in the butt from gay latinos? Ass yo, doesn't surprise me."
translator: he says because you have accidentally stepped on his costly Timberland footwear and caused small particles of debris to reside on said footwear, he will discharge a firearm into your body with the intent to cause grievous bodily harm
another term for a station wagon, mini-van, or any other kind of vehicle that is targeted at the "family" demographic(also M.A.V.)
"Tactical advantages aside, the M.A.V. is top of the line for the holy warrior troop transport manufactured by the Church of Latter Day Saints Military Industrial Complex. Also great for family trips...to heathen lands."
12 step recovery jargon referring to someone new who talks about how great life is, now that they'resober. Usually meaning that the person is out of touch with reality.
The new guy seems pretty happy for a dude who has no job, no money and no family. He must be on a pink cloud.