Someone who is sharp, clever, or quick-witted, but uses those skills to be opportunistic and take advantage of others or skip the rules. It describes a wise guy who thinks they are smarter than everyone else (often associated with the cultural idea of viveza criolla, where being cunning is used for personal gain).
You sure are a Vivo, give me my full change. / You really are a Vivo, put your name on the list and wait your turn like everyone else. / Don't try to be a Vivo with me, I know perfectly well that the job costs less than that.
Used to describe someone who is sharp, proactive, and quick-witted. It also refers to a person who is bold or disrespectful, particularly someone who takes unfair advantage of a situation. (The term comes from the word avispa, meaning wasp, suggesting someone who is alert and quick).
All these kids are really Avispao, they are sharp and ready for whatever needs doing. / Look how Avispao this guy is, he just went to the front without waiting in line.