I don't think the Seinfeld definition really amounts to any more than an opportunity for 'larky' humour.
In common understanding, a delicate genius would be much the same thing as a volatile or unpredictable genius. True genius is obviously quite rare, and most of us don't really understand it.
But it is common knowledge that genius/very high intelligence has a tendency to correlate with mental instability (e.g. van Gogh), and poor social skills (e.g. Newton)
In general I'd call someone a delicate genius if I wanted to highlight the idea of he/her needing to be handled carefully in order to get the best out of their special abilities. I'd call them an unpredictable genius if I wanted to indicate that even with careful handling you still might not get the result you want.
In either case, OP could consider it a (slightly back-handed) compliment. The implication is that OP is normally expected to do exceptionally well, and any lapse from that high standard must be down to the nature of genius, not his stupidity. But in context, it was probably a bit tichy (tongue-in-cheek).
What to do when you live in a shoe isn't really a "popular saying" across the world at large. Google finds only 31 instances of this quotated text on the whole of the Internet, at least half of which are simply duplicated references to the same original instances.
A related but far more common expression is living in a shoebox, meaning "in a small appartment". This probably owes much to the nursery rhyme There was an Old Woman Who Lived in a Shoe who had so many children, she didn't know what to do.
OP's (possibly quite localised) idiomatic usage seems to convey a sense of making the best of limited resources. I'm assuming when he gives this reply to someone asking why he doesn't have fast broadband, it's because he lives in a rural location where fast connections are unobtainable or prohibitively expensive.
My own guess is that OP's meaning has arisen circuitously from the original nursery rhyme context. Apart from lacking access to modern contraceptives, the old woman was probably poor, since people living in rural locations are on average poorer than those in the city.
When it comes to broadband, the economics become even more relevant. Even if you live in a tiny apartment in a city, you can probably get cheap broadband because the cost of wiring up the whole building become insignificant when shared between all the people living there. When you live in a farmhouse miles from anywhere, the cost of getting connected by cable can be astronomical.
Best Answer
Matthew 4:4 says,
Whether I believe this passage is another matter, but this Bible verse clearly demonstrates the meaning of the the phrase "live by words" or "words to live by".
I am very self-persuasive that this verse is totally sufficient as an answer, but I guess a needlessly longer answer would stave off any downvotes against short answers ...
We are required to live by the corporate code of conduct. That is, at every turn of carrying and fulfilling our tasks, and even outside of work, we have be highly vigilant against discrimination of all sorts as known employees of the corporation. We have to live our lives in a fashion that we do not leak any sensitive information that would jeopardize the privacy and privileges of our customers.
I am addicted to computer games. I live and breath by the strategies I developed and used in my playing computer games. Frequently, I would respond to conversations from phrases enunciated by characters in computer games.
From now until he is elected President, you shall live by and breathe Trump. Every lie and concocted truth you tell will be for the sake of Trump.
These snacks are powerful. I live by them. I swear by them. Whenever I get nervous, I simply pop a handful into my mouth to calm me down. Whenever I have too much time on my hands, or when I am impatiently waiting, having a bunch of them simply infuses new life into my life. I live by and for these snacks.