1 definition by Cornelius Funk the Third, Esquire

Legacies Of Toast. A failed variation of LOL, common acronym for "laughing out loud" and the lesser known "lots of love."
Nerd 1: Have you heard about the new Final Fantasy?
Nerd 2: No, what's it called?
Nerd 1: Final Fantasy 17: LOT (legacies of toast)
Nerd 2: Cool! let's touch each other's penises!
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