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"Orelay" is most commonly misspelled "odelay" by people who do not know any Spanish but want to be cool anyway. This is also a closer to a phonetic spelling of the pronunciation of the word. Originated from Mexico, it basically means "Alright", "Okay" or "Oh Yeah" in such a way like you just had an orgasm with no drama or got one million dollars that magically appeared on your doorstop with no strings attached, or a brand new sony television just bought you a beer and now wants to take you home and be all yours. :)
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