1. A phrase used by lower life-forms to describe something that excites them, usually when viewing something their brains struggle to comprehend.
2. A phrase meaning "I am on welfare", usually used at random, surprising those who hear it.
Guy 2: "LIVE ACTION BRAH! LIVE ACTION!"
Guy 1: "Studying for this test is killing me bro."
Guy 2: "No worries, LIVE ACTION BRAH!"