A shortened term for "I love you" used on IM programs such as MSN, Skype, aim and facebook for people too lazy to say I love you.
In english when people say ily they mean "My friends dared me to ask you out but i'll make out with you and dump you after 2 days not considering your feelings.
by le penis head March 19, 2010
Ily is an asl (American sign language) word for I love you. It is a combination of the asl letters I, L, and Y to stand for I love you, similar to most texting shortcuts. A picture is below.
Well I can't post pics... Sorry, no example today
by Deafie December 10, 2013