Contraction of "Fucking Aye," and usable reflexively for "Fuck Yeah."
Can be used as an interrogative and a derogatory expletive.
Example 1:
Eddy "I cannot believe you actually caught the biggest fish today but there it is."
Billy "Fuckenaye straight!"
Example 2:
Guy scratching a lottery card. Winds up revealing he is a winner. He shows it to the guy behind the counter who says, "Fuckenaye! you are a winner!"
Example 3:
"Hey, I finally managed to beat that game that was driving everyone else crazy."
"Fuckenaye? You beat it? What was your score?"
"1,236,000."
"Fuckenaye! I have yet to get past level 11."