What do the Montreal Canadian Hockey fans mean when they sing "O-lay, Olay" at home games?

"I'm a Boston Bruins fan and I've wondered since I was a kid what the Montreal Canadian fans mean when I hear them sing, "O-Lay, O-Lay, O-Lay, O-Lay, O-Lay" at all of their home games. I've heard it is french. Does anyone know?
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Asked May 01, 2010

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