What is Ooooh, Squid!?
1.
A response to anything vaguely sexual or sexy.
Girl 1: So I hear Johnny Depp might be in the next Batman movie as the Riddler.
Girl 2: Oooh, squid!
Person 1: We were just laying together to watch tv!
Person 2: Oh sure. You were probably all ooooh, squid!
See