OY VEY Meaning of OY VEY in English [ ɔɪ'veɪ ](also oy veh ) ■ exclamation indicating dismay or grief (used mainly by Yiddish-speakers).OriginC19: Yiddish, lit. 'oh woe'. Concise Oxford English vocab. Сжатый оксфордский словарь английского языка. 2004