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Epic, unprecedented, fantastic, awe-inspiring, with fanfare. Usually refers to an admirable action, but can also describe anything visually, technically or demonstratively notable or outstanding.
His ability to projectile vomit into the intended receptacle was Olympic.

She strode in 6" Louboutins on the craggy cobblestones of the Meat Packing District in Olympic fashion.
Olympic by Webdebnyc January 21, 2013
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A bowel movement, generally quite large, which immediately preceeds participation in a sporting event.
'Are you off to the game now?'

'No, Im just going for an Olympic, I'll be back in five and we'll head off then!'
olympic by MongyMax March 28, 2008
Can be used to mean "i love you" or a variant of some sort.
"I'm so annoying" "Olympic, shut the hell up"
olympic by neopronoun hoarder February 2, 2021

Olympic Cock blocking 

cock blocking at a level so high, that you cant believe the person that is attempting to prevent you from gettin some play is still trying. so it can only be known as the Olympic level. this person will try to pull out every excuse to prevent you from having a good time, whether boy/girl, even if it means making a bullshit excuse or story to avoid a possible score for you. these people are basically trying to play defense when they are already down by six TD's in the end of the fourth and you are guaranteed the trophy and all that shit.
the party is coming to an end and Im vibin' really good with this one chick. but some asshole is tryna get in the way of my score with this chick and i hurdled all his shit like it was the olympics. he tried to invite other people to stop me from gettin my girl, he jumped into every convo we was tryna have. this dick even tried to critisize some small stuff like the color of my shirt to make me look like a shithead. yo even tried to split a cab with me an my girl but my girl set him straight by saying she was going home with me and thats when everybody at the party knew his ass was tryna cock block at an olympic level,so it could only be described as Olympic Cock blocking.

Olympic-Sized Friendship

A friendship that can fit love, marriage, and children inside of it!!
Canadian ice dancers Tessa Virtue and Scott Moir have an olympic-sized friendship

Olympic toke 

When someone with the lungs of a dolphin, or Michael Phelps, takes a massive hit from a bong.
Dude I heard Jeremy on the track team took an Olympic toke at the party last night.
Olympic toke by OlivaHessum April 1, 2009

olympic "athlete" 

n. Any participant in an olympic event that obviously isn't a real sport, eg. ice-curling, luge, modern pentathalon. Often these people are smokers, out of shape, and Canadian.

.....................................................................................
Hey! Hand me a Snickers bar! It's kind of boring out here on the curling rink. But at least I'm living the dream.

Here you go, eh, my olympic "athlete".

You didn't put air quotes around "athlete" did you?
olympic "athlete" by gnostic 1 July 21, 2012