This is a very versatile word which can be used in many situations. It is most commonly used to describe excitement, pleasure, or satisfaction.
When John woke up in the morning and saw sunshine, he yelled "mah-hoe-nay!" in a high pitched voice.

John won $2 on the lottery and shouted "ma-hoe-nay!".
by pancan5457 June 18, 2008
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