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1.
Love and Tolerate is a term commonly used by Bronies ( the older male group of people who watch My little pony: friendship is magic) as a way to show contempt. It is often used in places where violent terms would normally be used.
" I'm going to love and tolerate the Shit out of you!"

" Don't hate, love and Tolerate"
by Dddrgn December 29, 2011
 
2.
A phrase used in the brony community, a reminder that the show teaches us to be nice to everyone, even internet trolls. Commonly seen in pony images with the caption "I'm gonna love and tolerate the shit out of you."
Troll: My Little Pony is for gayfags lol

Brony: You're making it hard to love and tolerate you, bro.
by ditzy doo December 29, 2011