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When one is in a state of permanent vacation. May find means of supplementing income(usually through selling illicit substances, or "hustling"), but is not required. When one is a successful perm vayer they may be identified by a shit-eating grin and near constant intoxication on psychoactive substances. The rigors of pronouncing all the syllables in "permanent vacation" while on perm vay led to the contraction.
-uh, you forgot to turn in your TPS report
-i don't have to take this shit, i'm on vay!
-perm vay bitch!
by perm vayer June 28, 2011
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