Contrary to popular belief, "loli" is NOT an abbreviation for "lolicon
A loli is a young girl, which is usually depicted as extremely cute. There are several usages of this word.
1. In an adult comic/video/game/etc, a loli is perceived as a very young girl, but she is always over the age of 18.
2. In other contexts, such as an ecchi
or non-erotic situation, a loli is perceived as a young girl who is extremely cute, but does not need to be over 18.
Ta*ga is so cute and small... She's such a cute loli!