A type of mid-life crisis where persons over the age of 18, but usually in their mid-20s to early-30s, start to freak out that they are aging and not getting any younger, so they compensate by wearing Hollister Co. clothing. Bear in mind that Hollister Co., by the company's own definition, sells apparel targeted to the 14 to 18 year old age demographic. So when you see that creepy 27 year old guy walking in the mall wearing a Hollister Co. t-shirt, try not to laugh too hard. He's just having a Hollister Life Crisis.
Mike had just turned 25 years old and started freaking out that he was no longer "young and hip" like the teenyboppers. He felt if he wore some clothing like the kind his 15 year old little brother wore, he could recapture some of his youth. So he went to Hollister Co. and bought some new outfits for himself. He thought he was cool, but most of the high school kids thought he was a creepy old dude trying to act young. He was having a Hollister Life Crisis.