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"OH, LET'S DO IT!"; different spelling of oleduit.

Used to describe eager willingness to do something; usually, but not necessarily, that 'something' is exciting, unexpected, illegal or dangerous.
Can be used as sarcastic response to someone's odd proposition.
-i got tha dope, are we getting fucked up today?
-OLEDOIT!

1% of UK's population: Bloody immigrants better sod off and rot in their shitholes, instead of sucking on our budget's saggy tit and raping our women. UK must leave EU and close the borders.
30%: OLEDOIT!
by delishprawn November 03, 2016
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