The Latin phrase 'Carpe Diem' is a popular saying that translates to 'seize the day'. It is often used as an encouragement to make the most of the present moment and to not let opportunities pass by. The phrase is composed of two words, 'PER' and 'Carpe', which are both Latin words. 'PER' means 'THROUGH' or 'by means of' and 'Carpe' means 'to pluck or pick'. Together, they form the phrase 'Carpe Diem', which encourages people to take advantage of the present moment.