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1.
Acronym for You Only Live in London Once.

Adaptation of YOLO (You Only Live Once)
Justifies bender weekends, overpriced dinners, and general debauchery and extravagance that is acceptable given there is only so long you will live a Peter Pan lifestyle in London.
Bianca: This will be our fifth night out in a row, my liver hurts and I spent my whole paycheck over the weekend.
Chloe: YOLILO Bianca, YOLILO. Lets go.
by chloeh22 July 21, 2013