Graduating high school seniors interested in attending Tufts University in the fall will have the option to write an essay on what the term "YOLO" means to them, CBS Medford reported.

YOLO is an acronym coined by rapper Drake, based on an idea coined by an ancient Latin poet named Quintus Horatius Flaccus. The poet, better known as Horace, is widely believed to have first used the phrase "carpe diem" (sieze the day) in an ancient Latin poem.

Drake's acronym mean "you only live once" and it appears in his song "The Motto," released June 18, 2012.

"The ancient Romans started it when they coined the phrase 'carpe diem.' Jonathan Larson proclaimed 'No day but today!' and most recently, Drake explained You Only Live Once (YOLO)," Tufts' application read. "Have you ever seized the day? Lived like there was no tomorrow? Or perhaps you plan to shout YOLO while jumping into something in the future. What does #YOLO mean to you?"

The acronym is often accompanied by a hashtag for Twitter trending reasons. Ever since the release of "the Motto," the phrase has been a sensation among the younger generation. The phrase is often used to justify reckless behavior, but is also used to make a joke out of various everyday activities.

For example, Twitter user @yoHector said Friday "went to get my cavity filled ended up getting a root canal #yolo."

The phrase is also known to be used in ironic instances to make light of an otherwise tense situation. Alex Fitzpatrick, of Mashable.com, tweeted a link to an article related to Edward Snowden's search for asylum. The tweet was the headline of the article, reading, "Edward Snowden: 'I Have No Regrets'" and included Fitzpatrick's only contribution, #YOLO.

Tufts' 21 percent acceptance rate makes it one of the nation's most selective colleges and ranks 28th on the U.S. News and World Report's list of schools.