Ayashi/ Ayyashi meaning

A Y A.. S H I... A Y A S H I!

Pritam almost went gaga over this word Ayashi in Shahid Kapoor Anushka Sharma starrer Badmaash Company. So what does the word mean? Going by the song the meaning could be flamboyant. Talking exactly, it's something near that.

Ayyashi means living an ostentatious life, spending money carelessly, and generally, without doing much work, or doing no work at all. Ayyash is basically a person who lives such a life. The word ayyashi is generally associated with carelessness and irresponsibility.