The sex Olympics resets every four years, and revolves around collecting a number of rings that correspond to those of the regular Olympics. to obtain a 'ring', one must perform a particular sex act.

Blue ring: sex in water
Black ring: with a black guy/girl, or anal
Yellow ring: with an asian, or urination during sex
Red ring: during period, or draw blood
Green ring: outdoors

After obtaining all of these, the winner receives fuck all.

A buzz word being used to refer to creators and influencers forming or encouraging unhealthy relationships with their fans. Usually used in the context of young audiences feeling they have a relationship with the influencer due to the huge amount of the influencer’s content they consume. The influencer in question, however, is unaware of the fan’s existence other than the general knowledge of having fans. Common examples include Dream and his stans. These relationships are exacerbated by the influencers confirming they have more than a creator-to-viewer relationship.

The word is circulating due to various YouTube essays about the phenomenon using the word, and therefore people who enjoy complaining about influencers repeating what they heard in the video in any comments section they can find.