Video

Meaning 1

to express surprise, disbelief

Context 1

“Hey did you hear? Bazza just quit!”
“What?”
“Yup, apparently he just had a yelling match with the boss, called him a few names”
“No way!”
“True!”

Meaning 2

No! (definite, strong)

Context 2

“Hey, pass me that last bit of chocolate,”
“No way! I’m having it! Its mine!”