As a verb:
* I live in a small town.
* They are living their best lives.
* The band will live stream their concert.
* She lives to eat chocolate.
As an adjective:
* The band is playing a live concert tonight.
* He gave a live interview on TV.
* We saw a live performance of the play.
* She bought a live lobster for dinner.
As an adverb:
* The band played live on stage.
* We watched the game live on TV.
The meaning of "live" can change depending on the context. It's important to consider the sentence as a whole to understand its intended meaning.