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1.
a yelp of joy
Oh awesome! Nik wants to skype with me! Yipee!
автор: Ivaaa 22 июня 2010
 
2.
Expressing wild excitement or delight, possibly in anticipation of food.
My girlfriend said she'll treat me to a crêpe next time we're in the city together. Yipee!
автор: Warforged 23 октября 2011
 
3.
used to express ones delight, usually in the case of someones demise but not that of the person who expreses the word yipee for that would mean the person would express delight in his/her own demise.
yipee my dad died

note: if one was expresing delight at ones own demise the expreser would most likely be dead therefore unable to express delight at ones own demise.
автор: ilya the loud 15 февраля 2005