Esshays is a common word used by the nautica wearing lads of Sydney, Australia. It's basically the word 'sesh' in pig latin/stupid lad slang. This word is used in replacement of the slang words such as; mad, cool, sweet, awesome, etc.
Lad1: check out my new rims.
Lad2: ESSHAYS!
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Means something wicked or fresh. that is accompanied with a clashing of fists with the fellow esshaier.
Origin: Sydney then came down to Melbourne with the don. then made its way onto the streets of glen as