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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.
de ilya the loud 15 février 2005
 
1.
a yelp of joy
Oh awesome! Nik wants to skype with me! Yipee!
de Ivaaa 22 juin 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!
de Warforged 23 octobre 2011