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1.
Daddy Yolo'ing refers to becoming the daddy of the situation while also and possessing a general lack of regard to the reactions of others.

For this to become complete the subject in question must exclaim the phrase "DADDY FUCKING YOLO!!!" multiple times, preferably in a faux American accent.
Did you see that guy in the club last night? He was going crazy shouting, Daddy Yolo and generally not giving a fuck.

Sound's like he was definately Daddy Yolo'ing.
by Daddy YOLO April 06, 2013