Beeeeeeeeep… is meant to symbolize the sonic output of an electroencephalogram monitoring the brain activity of former Reds manager Jerry Narron.

Example in use:
RR#1: Why isn't Milton being relieved? What's Narron doing?
RR#2: Beeeeeeeeeeeeep…

Here is the origin of the joke.

Red Reporter keeps on showing brain activity, meanwhile…

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