Top definition
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
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2
Fuck you! Stop saying YOLO! Gosh. OLOY
by Khue Song June 01, 2012
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3
friend: I'm gonna do it, YOLO

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