Being a social media Olympian involves participating in different events using various online tools and platforms, following basic rules and etiquette, and working towards defined goals. The document outlines various social media platforms that can be used, such as Twitter, Facebook, and blogs, as well as tips for using these platforms effectively like starting small, being open and honest, respecting others, and having fun. It also suggests considering one's goals and how success will be measured. Tools mentioned include those for networking, collaboration, campaigning, and identifying community needs.