Meaning of the word yolo in English

What does yolo mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

yolo

US /ˈjoʊ.loʊ/
UK /ˈjəʊ.ləʊ/
"yolo" picture

Exclamation

You only live once (used as an exhortation to live life to the fullest).

Example:
I'm going to quit my job and travel the world. YOLO!
Let's try that extreme sport, YOLO!