Ofay is a slur used to describe Whites in a derogatory way. Used to be popular with political types who were down with their "African Roots." Made popular in the play "A Raisin in the Sun." Possibly of Creole origin meaning something similar to "foe."
The word Ofay is a racial slur that has been used historically to degrade and dehumanize whites. The word is still used by some people for this purpose, and it is seen as offensive and hurtful to whites. If you are unsure about whether or not it is appropriate to use the word Ofay, it is best to err on the side of caution and avoid using it in any situation.