A synonym/equivalence to a homosexual. The expression was popularized by superstar and comedic geneous sasha baron cohen. He most often uses the phrase when portraying his character borat. He has however been known to use it occasionally when playing his other character ali g.
the men over there with the long mustaches and bald heads are a bit looli looli, no?
are YOU a looli looli?
are YOU a looli looli?
by andrew n w April 9, 2007