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Basically means "carpe diem" for stupid people. It's an acronym for "you only live once."
Person 1: I yelled "YOLO" and ran out of class today.
Person 2: What are you, stupid?
YOLO by Roger Nadsworth December 16, 2012
Related Words
You Ovbiously Love Oreos, YOLO, It's when you eat Oreos in a different fashion or have an addiction for Oreos.
Lily: Hey what did you eat today?

Ling: I ate some Oreos :D

Lily: Oreos? thats boring !

Ling: I seperate the Cookie and Cream from the Oreos, about 30 of them, I then stacked all the cream like a tower, putting 1 cookie on the bottom and top, I ate it all.

Lily: YOLO.
YOLO by Lingbby December 13, 2012
I took a shower. Yolo.
Yolo by Meuwmoew December 11, 2012
Student 1- "I ate a candy bar. YOLO!"

Student 2- "You obviously lack originality?"
yolo by yellowolf September 29, 2012
Person 1:"No. You can't do it, it's too risky!"

Person 2:"LOL! YOLO!!"
YOLO by p0tt3rh3@d December 5, 2012
Dude 1: OMG I love eating these biscuits, they are my life!!

Dude 2: YOLO!
YOLO by SezzaBiche March 16, 2013