an acronym for the phrase "oh
my life" begun by three very
famous and beloved students which then branched out into the college community. It can be
heard preceding and following any kind of circumstance or utterance, namely those of disappointing hilarity.
Katt: "Erin, where is the
Velveeta?"
Erin: "It was
Nick's turn to buy!"
Nick: "OML!!" *shakes head*