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1.
A simple combination of the two words lack and action meaning just that; a lack of action. See also Lacktion
The laction from the Customer Service at Timmy Ho's is astounding.
by Jonathan A. August 22, 2005
 
2.
L-Action (TM) is power of your Language combined with the Power of Actions to create the Reality you are living.
If you don't like your life, then the first thing you have to do is look at your language (How are you talking - to yourself and others? When you are talking or thinking, is it primarily focused on what you don't like or don't want? If it is, you have to change your language in order to change your perspective. What your brain focuses on is what it will look for more of in your environment.). Next, you have to look at your Actions. (Do you say you want a raise at work, but stay on Facebook all day or spend all day texting your friends? Your actions have to match or support your words! ACT in a way that will achieve what you want for yourself. It's not going to come to you with you sitting on your behind.)

L-Action (TM) as a concept was originally created by a non-profit organization, Genesis - The Awareness Company, in 2012. It is used by both Genesis and their subsidiary, GTAC Coaching and Consulting, in their teaching and consulting work. GTAC specializes in working with student athletes in both high school and college.
by peoplewhisperer August 23, 2013
 
3.
Lights plus action, usually referring to police sirens and similar lights on the road.
"You better make a left i see major laction up ahead.
by P Lova October 31, 2006