Top definition
1. In SSBM pressing the L button just before landing after doing an A move in the air. Results in an extremely fast recovery, so that another move can be done after landing without delay.

2. Among SSBM players, a term used when telling someone to try to undo something, or to try to stop doing something.
1. Because I L cancelled, I was able to hit the fox player before he recoverd from the previous hit.

2. Person 1: oh shit! I accidentally sent my girlfriend a text message saying I want to break up!
PErson 2: You better L cancel that shit!
by Astor May 21, 2005
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