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What is My Aunt Fanny?
fanny is a euphemism for the buttocks. So the exclamation "My Aunt Fanny!" or "My great Aunt Fanny!" is to say
"My ass!" as something of a perturbed rebuttal or reply
"I think YOU dented my car."
(surprise and denial) "My great Aunt Fanny! I did not!"
My Aunt Fanny - video
My Aunt Fanny - what is it?
A way of politely calling bullshit when someone tries to give you an unbelievable excuse, line, lie, or over exaggeration.
The dog ate your homework? My Aunt Fanny!