1. In loving terms, it is an abbreviation for "i love you." Usually used randomly to your boyfriend/girlfriend to make them feel as if you truly do have feelings for them, but you really don't. It is now used to show great or even a little excite.
2. In another term, it means "I'm leaving you." Great for a break up. An excuse in texting that helps break the relationship between two calmly but extremely shocking after a day or two.
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