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It means that if you let yourself get distracted from your goals, someone is going to beat you to them - this refers to the old story about the Tortoise racing the Hare. When the Hare got cocky and took a nap, the Tortoise passed him and won the race.

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14y ago
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8y ago

It means if you fail to take advantage of an opportunity it will pass you by and you won't be able to get it back.

Spelling note: The expression is sometimes misspelled "If you snooze you 'loose' ", but the word 'loose' is incorrect - it means "not tight". That's VERY different from 'lose', meaning the opposite of 'win'.

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