-A greeting used by friends in meeting up or upon sharing booze.

-A band that recently started out in London, Ontario (known as O-Lay).
- Walking into a room you would say O-Lay and upon saying cheers with beer!

- The band O-lay can be found when you go onto MySpace. www.myspace.com/thebandolay
av Rockin_sioux 23 januari 2007
Top Definition
when you wanna say okay but your phone is feeling mexican
okay *autocorrect is like nah hunny*

BAM... olay
av dunt even 8 april 2015
lap dance at mexican bull fight
Mexicans good times at bull fight. Two ho's lap dance me everyone shout olay olay olay...
av itichie_nocanpo 25 juni 2006
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