Live or Live

I got a new shirt and it has "LIVE" on the front and i'm wondering is it live that rhymes with pit, or live that rhymes with Pie??

go to : (for clarification about what the fuck im talking about.)
http://dictionary.reference.com/search?q=Live

i mean i like the shirt either way, i mean its comfy, and fits well and either way i like what its saying. Live (pit) and its jsut telling you you to live your life and have fun and you know just live it dont fret everything!!
or
its live (pie) then its kinda cool cuz its like this i live action so pay attention!!
so is it
"This is Live news!"
or
"Live in the now!"
or
"This is live(pit) news!"
or
"Live(pie) in the now!"
What a quandry!...or is it laundry