Is there a difference between the Net-slangy interjections "REEEEEE" and "SQUEEEE"? I'm going to guess that the latter is a squeal of delight (hence "squeee..."), while the former is more a shriek of consternation, frustration, etc., in the onomatopoeic style of an alarm going off. How far off am I? Have I completely botched this?
You're pretty much on target. "REEEEE" is a cry of rage or frustration, often at someone else's perceived stupidity. "SQUEEEE" is indeed a cry of delight, and is often associated with "fangirling" or "fanboying."
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