What is Loll33ta?
1.
A mashup of LOL and l33t spelling "Lolita". A reference to the controversial literary character used to describe a sexy, tech-savvy girl geek fluent in l33t and other slang. Particularly used to described girls who are shy in person, but talk sexy on their blog/myspace/chat.
"Anne seems pretty shy at school, but get her talking on AIM and she turns into quite a LOLl33tA if you get my drift."
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1.
The act of pooping ones pants in front of your friends for a few bucks.
I needed some pizza and had no cash, so I became a loaf pinchin..