live it up vs enjoy

live it up and enjoy both are verbs.

Word	Noun	Adjective	Verb	Adverb
live it up	No	No	Yes	No
enjoy	No	No	Yes	No

As verbs, enjoy is a hypernym of live it up; that is, enjoy is a word with a broader meaning than live it up:

Other hypernyms of live it up include delight, revel.

live it up (verb)	enjoy (verb)
enjoy oneself	take delight in
	have benefit from
	derive or receive pleasure from; get enjoyment from; take pleasure in
	get pleasure from
	have for one's benefit