Life skills are 'shock absorbers' that focus on the total development of an individual and confide to a number of content areas. They are essential for individuals to take positive action to protect themselves, and to make positive social relationships in life. Meanwhile, social media is becoming an essential part of our day to day life and is one of the main tools used for transfer of information and communication. But controversies are also rising up on the increasing use of social media in our lives. Articles appear in newspapers every now and then showing the negative impact of social media on people. So concerning these controversies the present paper aims to study the role of social media for acquiring life skills by adolescents. Findings revealed no significant effect of the School Board on life skills of adolescents but excessive usage of social media was found to affect their life skills negatively. Although 'coping with stress' and 'empathy' skills were found to not be affected by the social media, a significant interaction effect of School Board and social media was revealed on 'decision making' and 'communication' skill of adolescents.