a love-hating relationship you may have with a friend. You don't love them nor do you hate them, however the relationship is too sophisticated to just be 'like'. Therefore this word was created to describe this feeling you have towards someone.
Can be shown as a love heart sign with your hands only its split with one half above the other.
person 1- Bye!
person 2- Lo-ves!
person 1- Lo-ves!