What is Oh em gee PONIES?

A hyper-exaggerated version of the exclamation OMG. Used when one's level of excitement is so high, that it's like gumdrops, glitter, hearts, moonbeams and My Little Ponies are exploding out of your mouth as you are talking about it.

Oh em gee PONIES, have you guys heard the new Britney album??!!?? It's KILLER.

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Oh em gee PONIES - video