Out of all the Spanish of words,
ole was inspired from
Allah, When one hears Spaniards going into a state of
climax yelling ole in flamingo dances or bull fights, they are actually saying praise to Allah! the actual meaning was lost over the centuries.
More and more scholars are agreeing to this claim now that
Spain no longer considers the
Muslim occupation of
Spain as a taboo. Spain just recently opened a museum dedicated to Islamic history which was one of the biggest reasons that brought Europe out of the dark ages.
For more information you can do a search on google.com by typing "Allah ole Spain" in the search box. Last time I checked I got 200 hits.