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1.
A reverse acronym for the term YOLO. Defined as "Only Losers Obey Yolo"
Friend: "Dude, I found a needle full of heroine. YOLO!"
Me: "No dumbass, OLOY, the damn things beened used already.
by Black Revenged July 01, 2012
 
2.
Only Losers Obey Yolo
Fuck you! Stop saying YOLO! Gosh. OLOY
by Khue Song June 01, 2012
 
3.
Only Losers Obey YOLO
friend: I'm gonna do it, YOLO

me: OLOY
by N3r0 May 31, 2012
 
4.
Only Losers Obey Yolo
" Hey dude let's go get drunk "
" why? "
" YOLO "
" Dude, O.L.O.Y "
by Philenmyself July 05, 2012
 
5.
OLOY simply means:

O= only
L= losers
O= obey
Y= Yolo
Lol fuck Y.O.L.O! its all about O.L.O.Y :D
by 5 cent hooker ;) July 02, 2012