This phrase was first coined by Acid Burnz because too many of his msn contacts asked him why he typed random url's into the chat menu. He replied with a succinct: <<It's a LL>>. But noone ever understood. So he had to give it's true definition and hope that all chatters will oneday follow suit
Evan: WTF? Dude, i already know teh url, duh...
Karan: man, haven't you heard? it's a lazy link
Evan: uh, what's that
Karan: never mind, i'll make an entry on urbandictionary