Tiny repeated greeting clips like this circulate mainly as soundboard and short form edit material, shared because the phrase is instantly understood without any setup. The hiihiihii spelling mirrors the drawn out, high energy way the word is delivered, which helps it stand out in search and in meme libraries. It belongs to the same family of brief reaction sounds people swap for a vine boom or a cartoon pop, using a human voice instead of an effect to get a laugh from timing alone.