What is Too Shay?
1.
An exclamation of agreement, particularly over something exciting. Saying "too shay" is used in conjunction with the two finger hand throw (on one hand hold pointer and middle finger together while moving wrist forward and backwards to the syllables of the word)
"The Office is the best sitcom ever."
"Too shay." (simultaneously performing the two finger hand throw)
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1. 
The sex between Heath Ledger and Jake Gyllenhaal in Brokeback Mountain.
Wow, those hot gay sex scenes in Brokeback Mountain... holy shi..