Used synonymously with "just kidding" (Example 1) or "no" in the sense of being asked a favor (Example 2).
Example 1:
*family walks by*
Fred: Holy shit! That family just caught on fire!
Brad: Woah man, really?
Fred: Yeet!
Brad: Dang man, got me again!
Example 2:
Guy with Crutches: Hey man, can you help me carry these groceries?
Other Guy: Yeet!
*laughter*
Guy with Crutches: Seriously though, can you help me?
Other Guy: Yeet!
*more laughter
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