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Otay, Panky 

Translated: "Okay, Spanky."

A line from Little Rascals made famous by Gordon Lee, who played Spanky's kid brother, Porky. Lee's signature line, "Otay, Panky," came about because he had a speech impediment and couldn't say his K's and S's.

Currently thr phrase could be used as an affirmative reply when someone tells you something fairly obvious. It's a silly way of saying "okay."
Bob: "Don't walk in the steet because you might get hit by a car."

Fred: "Otay, Panky"
Otay, Panky by Tim in West LA September 8, 2008
Related Words
otay oktay oyay octayvys Ogtay ootay Ortayisim Otaye otayuri octayn
otayt is another word for okay
otayt by Kishiraa March 26, 2021
From "The Little Rascals" movies. Buckwheat always mispronounced "okay" and said "otay".
Spanky: "Hey, Buckwheat! Hold this for me."

Buckwheat: "Otay."
otay by OD December 5, 2002
Oktay Is a Turkish name

They are always trying to be the best id they want something they really go for it and they are a good person they think a lot about other people and they are liked by a lot of people
Oktay by -_-;-; February 25, 2020
Him: "Come here "

Her: "Otayy"
Otayy by Otayyyyy December 13, 2018
oh you youngsters and your kooky acronyms
Ex 1a

mathy: We are so UHB.

blas: Indeed we're LTD.

gwens: OYYAYKA You guys make me feels so brand new.
OYYAYKA by kooky youth January 26, 2009