An acronym for 'you only live once' used by drake. Overused. Mostly used by attention seeking teens.
More modern uses of the acronym are:
You obviously love oreos
You obviously lack origianality
You only love once
You only lick omar
OLOY: only losers obey yolo
I'm gonna jump out this window #yolo
Just missed an exam and may possibly live the rest of my life as a hobo #yolo
Walked into a wall #yolo
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