pronounciation: lick-bow (as one word)
in Ontario, Canada, all liquor is sold at a government run chain of stores called the LCBO (Liquor Control Board of Ontario).
Licbo is used in conversation as it is shorter to say and is a phonetic pronunciation of the abbreviation
Dirk: hey, Mirk, got any plans for the tonight?
Mirk: oh yeah, going to a party at Zirks, but i gotta hit up the licbo and buy some whiskey first