Contrary to popular definitions, Nihilism is not synonymous with cynicism or despair. Instead, Nihilism is a worldview in which one believes only in what one's observations and experiences seem to prove true, and that which can be otherwise proven true. That said, Nihilism varies according to the nature of the individual nihilist, but there are a few key ideas which are kept by nearly all of them: 1. The beginning of the universe was, within certain parameters, a basically random event, and the same holds for all events occuring since. It follows, then, that final purpose in things is false. Life, then, is an end-in-itself.2. There exists no absolute truth regarding the value of any deed over another, such as right vs. wrong. Value systems, ethical codes, etc. are thus of no use to the Nihilist, except if they serve his best interests, increase their quality of life, or if they simply fall in line with what behavior would come naturally.3. From the above it follows that responsibility, obligation, and the like are also falsehoods. Nihilists are thus inclined to ignore or sneer at societal norms and conditioned mentalities.4. The first priority of every nihilist is his own well-being, satisfaction, and survival, and every action is ultimately done in the name of these things. However, he does not consciously pursue these ends; instead, he acts upon what feels natural and makes sense to him, and these naturally result. However, the above assumes that the Nihilist is in unity with himself, and possesses an undamaged psyche. In reality, some people are self-destructive by nature, and, if they took up a Nihilistic worldview, would seem to have a death-wish as the motive behind their actions. Since self-destructive individuals are common in modern society, this is probably how Nihilism has come to be seen as another word for despair.

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Urban Dictionary: Nihilism