Olé is used in
soccer or any sport where
one person performs a great feat of skill and then screams Olé!! to humiliate the person they did it against. It is more commonly used in
soccer when someone achieves a nutmeg or panna
"You should have
seen my piece of
skill, I put the ball through this guys
legs and just screamed Olé afterwards"
"I Olé'd him to fuck today"