LARP means "LIVE ACTION ROLEPLAY".
However, in an all time low interview found on buzznet:
alltimelow.buzznet.com (LARPing video)
Jack and Alex turn it into a bad word xD
I think it should be a new slang word for jizz xP
So now instead of Jizz or Cum it is LARP ^_^
Hai dude, I just larped all over you! :'D
Hey, Hey Derek.
I just larped!
*Derek Larps With Bob*
I luf LARPing BOB! ;D