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essentially the word 'boys' but said with some hilarity and jovialness. also can be used to refer to a general group including both male and female. Came about in Fort William in the mountainbiking community and is beginning to spread
Normally a conversation opener

eg 'alright baeys, hows it going today?'

however can also be used in reference

'The baeys were getting pretty excited about the new trail that they just finished building'
by One of the baeys November 04, 2011
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A scottish word for boy said "bay"
"Aye baey" (hello or yes) or "oright baey" (all right boy)
by Ruaraidh August 20, 2006
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