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1.
To party. to "live it"
Bob: What's up man? Mac: Oh you know man, just livin' it. Bob: Where at? Mac: At Fat Tony's, you should cruise over.
by livin'itallday January 25, 2011
 
2.
Someone who is or is describing another who is looking and feels relaxed and out of it from the use of Marijuana.
" yo wit dem niggas come out that lincoln?"... ""Bruh they Straight up Livin' it my nigga"
by OriginalDarkness101 March 05, 2010