If you've ever heard of the term "dinks" meaning "double income, no kids" , Oing is for males that have a decent paying job and are in the age range of 16-25 meaning "One income, No girlfriend". It stops at 25 because if you have no girl at 25, you're a loser.
Derp: Hey dude, You should totally ask that hot-ass chick over there out!
Derpo: El naw bruh, I kinda enjoy the oing life! Listening to bitches bitch and burnin money on 'em is not on my schedule.