an episode of Spongebob Squarepants called “A Life in a Day.” In this show, Spongebob and Patrick decide to try to live like Larry the Lobster. They decide that living like Larry means living in the moment and ignoring all reason. Spongebob and Patrick end up pulling a bunch of crazy stunts and getting hurt. Larry realizes that Spongebob and Patrick are hurting themselves to be like him so he better explains the concept of "livin' like Larry" as living life to the fullest and not maiming yourselves.
rob: what are we doing tonight?
sean: livin like larry
A very intense lifestyle popularized by Larry the Lobster, a visionary and the voice of the new generation. It entails living in the moment, not resting or sleeping, doing a lot of cocaine and amphetamines, forcing passerby to smell the "adrenaline" on you, and mocking those that do not lift. This is not to be confused with YOLO, a vastly inferior philosophy.
I just went on the Fiery Fist o' Pain while on tons of meth because I'm Livin' Like Larry!