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1.
ILAY is I LAUGH AT YOU. A bit like LOL. But more sophisticated.
Dude ILAY you were such a dumbass to take a dump in the middle of class.
by macdude April 19, 2009
56 7
 
2.
Saying ILY out loud to someone to sound more cute.
Hey Stacey, ilay :)
by bananamilk January 05, 2010
2 8