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1.
A speech expressing the importance of living life to its fullest (aka, YOLO), often given at the funeral or the hospital bedside of a friend who has done something profoundly stupid; any speech that professes the philosophy of YOLO.
"Did you hear about Dan? What happened?"

"Broke his neck trying to bungee jump from his dorm room. I'm giving the yology at his wake."
by newmathk5 January 02, 2013