YOLO means You Only Live Once
Yolo is used as an excuse if you are going to do something fun instead of the things you should do. So you don't make homework, but go to the cinema. The term was mainly used after the rapper Drake had incorporated it into a song (Motto). The abbreviation YODO (You Only die Once) is also increasingly used in the same framework: people who perform dangerous stunts also often do this from the YOLO principle, people who do not find such a good idea then use YODO. YOLO is nominated as Word of the year 2012. The Dutch counterpart is: You only live 1 time.