An exclamation of surprise. Such as being told you've got straight A's, or you're getting a record deal unnexpectingly. Also can be used for lust.
Him: thats not a woman, thats my kid brother!
You: Well grease me up and call me Souzie
girl 1: Look at the ass on him!
girl 2: Well grease me up and call me Souzie!
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Said by the man who shows up to collect money from you.
Bill; I had to pay Carmen today. He stopped by to pick up his money.
Steve; Did he say "grease me" when you opened the door?
Bill; He always says that when I gotta pay him.