The phrase implies the decision has significant consequences, so it warrants extra caution. You should think twice about quitting your job without having another lined up.
Pro Tip 2/3
Doubt Hint
Using this phrase suggests there's doubt or hesitation, indicating it’s not an easy choice. She thought twice about moving abroad, considering all her family was here.
Pro Tip 3/3
Persuasive Caution
It can be used to advise or warn someone else about possible risks in their decision. He told me to think twice about investing in such a risky venture.