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OLOY simply means:

O= only
L= losers
O= obey
Y= Yolo
Lol fuck Y.O.L.O! its all about O.L.O.Y :D
O.L.O.Y by 5 cent hooker ;) July 5, 2012

T.I.F.R.Y.B.F.W.N.S.F.B.W.Y.T.M.O.T.M.F.S.W.Y.T.D.W.R.A.B.F.B.O.L.B.A.I.C.U.T.A.I.G.B.T.F.O.Y.B 

This is for Rachel you big fat white nasty smelling fat bitch why you took me off the motherfucking schedule with your trifflin dirty white racist ass you big fat oompa loompa ass bitch i’m coming up there and i’m going to beat the fuck out of you bitch
Karen: Where is your manager?
Manager: T.I.F.R.Y.B.F.W.N.S.F.B.W.Y.T.M.O.T.M.F.S.W.Y.T.D.W.R.A.B.F.B.O.L.B.A.I.C.U.T.A.I.G.B.T.F.O.Y.B

J.F.K.M.O.L.M.A.I.T.O.Y.F.S.M 

Abbreviated acronym for just fucking kill me or leave me alone I'm tired of you fuckin stalking me
J.F.K.M.O.L.M.A.I.T.O.Y.F.S.M defined as I can see you stalking me so leave me alone or get it over with

Y.O.L.O.U.Y.A.C.T.Y.L.N.T 

you only live once unless your're a cat then you live nine times
Person A: you only live once
Person B: HAHA my cat lives nine times

Both: Y.O.L.O.U.Y.A.C.T.Y.L.N.T
Acronym for You Only Live Once.

Now get off your computer and go outside.
George came to the party with the word Y.O.L.O. on his shirt and got things started.
Y.O.L.O. by THC420 December 27, 2009
Me: "I'm going to get up this morning and take advantage of today! Y.O.L.O!
Y.O.L.O by somerandomdude69 July 13, 2012