Google dictionary shows 18 meanings for way. Among which, we have:
A method, style, or manner of doing something
A person's characteristic or habitual manner of behavior or expression
The typical manner in which something happens or in which someone or something behaves
A specified direction
Used with a verb and adverbial phrase to intensify the force of an action or to denote movement or progress
A particular aspect of something; a respect
A specified condition or state
Which of these is the meaning for the "way" in "no way", the informal term which means absolutely no?