What is Oh-tay?
1.
Buckwheat version of the word "okay", made popular by Eddie Murphy's impression of the 'Little Rascals' star as a grown-up. Used to signify agreement with a request or statement when you either don't know what's going on or don't give a damn.
Boss: "So get your sorry act together, Jones.....or maybe we'll find someone to replace you around here. Got that?!"
Employee: (grinning vacantly and making "okay" sign with thumb and forefinger) "Oh-TAY, boss!!! Buckwheat say oh-tay!!!!!"