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Oh snap! 

An expression meaning that one has been surprised by what has just occured. It is similar to saying "wow" or "holy crap" but implies a more laid back manner.
"So did you see the new... OH SNAP! A guy just ran buy with a katana!"
Oh snap! by Vincent McGuyver March 8, 2007

oh snap! 

Something quickly catches your attention, startling, close call, also could be "Oh Snaps"
(Walking down the street, bird poo almost hits you) "Oh Snap!"
oh snap! by Beau Selekta July 7, 2004

oh snap! 

A car almost hits you, Oh Snap!
oh snap! by viperboi65 May 13, 2005

oh snap! 

Used in taunting your manager when you make comments on his wife leaving him due to infidelity.
Me: "Hey scott I did your wife last night, not that it matters because she left your sorry ass anyway when she caught you screwing 18 year olds"
Derek: "OH SNAP!"
oh snap! by reinventingaxlrose November 22, 2004

oh snap! 

a shot.

2 parts vodka
1 part midori sour
1 part peach schnapps
oh snap! by starryeyes1014 May 21, 2007
(exclamatory phrase) a playful indication of surprise, misfortune, or insult

popularized by Tracy Morgan of Saturday Night Live, OH SNAP is seemingly derivative of oh no you didn't where an insulted person, for example a guest of Jerry Springer or often a spunky African American woman contends the insult being made against him/her. While derivative of "oh no you di-int," OH SNAP has more of an emphasis on playfulness and can be said by people other than those being insulted.

see also: OH ZIP
Ted: Man, where you been all afternoon?

Darrin: I had to stop off at your mom's place for a nooner that last a bit longer than expected.

Ben: OH SNAP!
OH SNAP by DT June 14, 2004