Mischievous exclamation shouted toward a group of people with the intention of confusing that group, especially any "Steve's" that may be a part of this. Most often said while driving by in a car or some other situation where the person shouting won't have to explain to the group why he was shouting at Steve. Also works with other common names; "Steve" is simply the most fun to say.
Dan (from truck window) - "HEY STEVE!"
Steve - *confused expression* "Who the hell was that?"
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The latest fookin' marvellous (occasional) character in strongbadia - is all.
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