The phrase "okey dokey" is still used today, but it is more common among older speakers. It is considered to be somewhat informal, and it is not typically used in formal writing.
"Okey dokey" is a relatively old phrase, and it is thought to have originated in the early 1900s. It is believed to have been derived from the phrase "all correct," which was sometimes misspelled as "oll korrect." The "oll" eventually became "okey," and the "korrect" became "dokey."
Context matters in English because the meaning of words can vary based on the surrounding words, phrases, or situation. Words often have multiple meanings, and the intended sense becomes clear through the context in which they are used.
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