an ascii high hat. Often used in combination with a winking smiley in Slash's facebook-status updates to represent himself.
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iiy is another way of saying iight.
girl: are you coming tonite?
friend: yeah
girl: iiy (iight)
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The sound you make in a whisper tone when someone gets emotional and you're trying not to laugh at them crying so you fake cry; you can use it when there's awkward silence to break; when sad scenes occur in movies, but you want to laugh
in a conversation,
Person 1: ...and that's how my grandma died
Person 2: *iii*
In a movie (Alvin And The Chipmunks)
Dave: Go back to the forest where you belong!
Me: *iii*
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Hacker that has become acclaimed for stealing Xbox Live, Paypal, and many other types of accounts.
iii KaMi iii stole my Xbox Live account.
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Shit outta luck 3,
aka Earth
(It actually means third planet from the Sun)
"But I guess Sheva Gautama Christ-chan, the one true god, decided that Gage still had unfinished business down here on Shit Outta Luck III" Sam O'Nella
SOL III
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