You Only Live Twice was a professional wrestling internet pay-per-view (iPPV) event produced by the Chikara promotion, that took place on May 25, 2014, at the Palmer Center in Easton, Pennsylvania.

You Only Live Twice featured eight professional wrestling matches involving different wrestlers from pre-existing scripted feuds, plots, and storylines that will be played out on Chikara's monthly house shows and on blog entries written on the promotion's official website.

[3][4] Following June 2, 2013, and the Aniversario: Never Compromise internet pay-per-view (iPPV), Chikara went inactive for a full year, following a storyline development, where the Titor Conglomerate, the storyline owners of the promotion, shut it down in order to cover their tracks regarding their dark past involving a paramilitary group named Condor Security.

[5] The Titor Conglomerate then supposedly put the Chikara brand, its related intellectual properties and remaining physical assets on sale, reducing the promotion to ashes.

[5][6] During the rest of the year, a group of Chikara wrestlers, led by Icarus, began holding fan gatherings and "guerrilla events", trying to revive the promotion.

[17][18][19] As part of Chikara's return weekend, the promotion presented "LuchaBowl", a fundraiser for a local chapter of the Make-A-Wish Foundation, on May 24 and "Expansion Pack", an interactive fan fest, before the iPPV on May 25.

[33][34] During the National Pro Wrestling Day, Jimmy Jacobs, who had made some appearances for Chikara in the past, but was not a regular member of the promotion's roster, revealed himself as the leader of the Flood.

[37] After Sinn Bodhi also took The Batiri away from UltraMantis, he finally found himself new allies in longtime tecnicos Frightmare and Hallowicked, with the three coming together to form the Spectral Envoy stable.

[10] On May 14, Chikara announced that at You Only Live Twice, the Spectral Envoy would take on BDK, represented by Ares and the debuting duo of Schnitzler and Nøkken.

[20][21] Also announced for the event is a singles match between Jervis Cottonbelly and the debuting Juan Francisco de Coronado, better known from WiF!,[43] and a four-way elimination tag team match between 3.0 (Scott Parker and Shane Matthews), Gekido (17 and deviAnt), Pieces of Hate (Jigsaw and The Shard) and the Throwbacks (Dasher Hatfield and Mark Angelosetti).

3.0 lost the title to Pieces of Hate at Chikara's previous event, Aniversario: Never Compromise,[28] while 17 and deviAnt, though Gekido stablemates, had not wrestled a regular tag team match together prior to You Only Live Twice.

's 2014 Tag World Grand Prix the day before You Only Live Twice, had previously challenged for the Campeonatos de Parejas on July 29, 2012, but heading into the iPPV stood at zero points after losing another four-way elimination match on April 6, 2013.