LANDPEOPLE [noun]
Pronunciation Land Pee Pul
Meaning A landlord and his wife. Or a landlady and her husband. Or, a gay landlord and his husband, or a gay landlady and her wife, for that matter.
Usage They have a set of keys to your house in case you lost yours or lock them in.
Origin Zed, September 2001, when it became necessary to refer to such a body of people.

LB+2SB [noun]
Pronunciation Lockblock.
Meaning "Lock, Block And Two Smoking Barrels". A Lego film by me based on LS+2SB, soon to go into production.
Usage Mild entertainment, possibly.
Origin Zed, 10 March 2000.

LEADING WRIST [noun]
Pronunciaton Lee Ding Rist.
Meaning Reading list.
Usage "My leading wrist is really long. Good thing they're designed to be ignored."
Origin Zed, 28 August 2000.

LIVER! [exclamation]
Pronunciation Liv Ur!
Meaning Oliver Wood out of "Harry Potter", in faux Potterbopper speech.
Usage "Liver + Pukey! gwyffindorkzinwuv!!!!!!"
Origin Zed, July 2002. See also "Mucous!"

LS+2SB [noun]
Pronunciation Lockstock.
Meaning "Lock, Stock And Two Smoking Barrels". One of my favourite films.
Usage They're worth £250,000. That's usage enough, surely?
Origin Zed, August 1999.