The phrase "this is your world, I just live in it" is often used figuratively and playfully in conversations between friends, and it conveys a specific sentiment.
In this context, your friends are expressing that you are the dominant or central figure in the group dynamic or within your social circle. It implies that you have a significant influence on the group's activities, decisions, or the general atmosphere when you are together. Your friends might be suggesting that they go along with your ideas or plans because they enjoy your company and respect your preferences.
It's important to note that this phrase is typically used in a lighthearted and friendly manner, emphasizing camaraderie and affection among friends. It's not meant to be taken literally or as a statement of superiority; rather, it's a way of acknowledging your role in the group and the positive impact you have on the shared experiences.