It was found that Lithuanian students tend to assign those values to Olympism that are connected with human values and social virtues. The least important values are connected with personal development. So firstly, students associate Olympism mostly with honesty, then they relate it as a way of respect, cultural awareness, optimism, strength of the will, generosity, tolerance towards other nations, etc. Such results are determined by opinion about the Olympic Games itself. When analysing research results, it has emerged that social values, bonded with Olympism, are important for the students. They find it very important: the sense of community, heartiness, goodness, better world, gentlemanly behaviour, body and mind harmony, etc. As the least connected thing with the Olympic Games was named personal development, artifullness, career, collaboration, etc. It was found that the students, who have had Olympism classes at university, better understood the Olympic values and regulations. Olympism programs are held for schoolchildren but not for students in Lithuania. There is no system that would involve the Olympic Movement. The students shall experience Olympism through learning, Olympic education, sport competitions and also through the sense of the beauty of sport, alternation, depth of emotions and feelings, bless and underlying of strength of values. Students, as young people, are full of enthusiasm, energy, drive for improvement and learning. They admire the Olympians and Olympic heroes and their deeds. Thus, this shall be used to open the system of the Olympism values.