Originating from 4chan, this phrase is a popular internet meme meaning "why hello there" and followed by "buttsecks". Commonly used to mock AOL Kids in internet conversations.
<XxGrrlPowahxX> hi howru
<yns88> Y helo thar buttsecks.
by yns88 February 5, 2005
Stands for "Why Hello There." It is then followed up by the word "buttsecks" which is Internet slang for "anal sex."

It is greatly used on the WWEGSB.
New girl: Hello, I'm new to the WWEGSB. I'm a girl!

Random noob boys: y helo thar buttsecks
by Scooter June 6, 2004
A BETTER way of saying "Why hello there." on the so called, internet.
y helo thar buttsecks?? lolol
by MogTheMoogle January 18, 2004
Phrase which originated from the "Attention Whore" animation.

Means "Hello, want to have anal sex?"

Currently a fad catchphrase on LUE.
LUEser: Y helo thar, butsecks? LOLOLOL
Woman: If you come near me again I'll fucking call the cops.
by LUEser February 20, 2004