An abbreviation of the term "No Love". Used to declare a status of being single or not wanting to fall in love. In some cases, expresses the lack of belief in love itself.
1. A NOLO situation results when you fail to go all out (as prescribed by the yolo motto)
2. Also applies to describe a yolo situation that goes horribly wrong
NOLO is a term used when you leave your house momentarily, but need to return one or more times to retrieve a critical item, such as a forgotten phone, wallet, or keychain. It stands for Never Only Leave Once.
You leave your house to go to the beach for the weekend and say goodbye to all of your roommates, only to return 10 seconds later after realizing you forgot your cellphone. Upon re-entry to the house, you yell out "NOLO!" To indicate the nature of your return.