In the US saying "Peee Yooo" is often times combined with holding your nose. Sometimes each word is stretched for dramatic effect "Peeeeeuuueeee Yoooooooooo!"

In the US saying "Peee Yooo" is often times combined with holding your nose. Sometimes each word is stretched for dramatic effect "Peeeeeuuueeee Yoooooooooo!" It's somewhat of a children's expression for "that stinks", although adults use it to be funny.