Dry, sarcastic expression of faux excitement
Yeoman: We've uncorked the rostrums, Cap'n!
Captain: Yip yay.
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A childishly fun phrase one would say during a moment of intense excitement or pleasure
Or as a name for a overly cool and hyper person
Casey: Hey guess what, Jayden asked me out today
Bob: Whoo YIP YAY, thats awesome I guess ya wont be needin that cattle prod anymore...
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