Shortened version of Lolita or lolicon which is Japanese anime/art depicting most often a young girl or preteen. The word lolicon is the synergy of 'Lolita' (see also, book by Nabakov) and the psychological word 'Complex.' <Alternative: Could be a play on the word lollipop...>
The lolli that the anime artist drew was flat-chested and big-eyed and tiny and in her panties.
A physically unattractive man who gives fellation in front of Candy stores. (believed to have orginated in San Francisco in the mid 70s - possibly during the filming of a Mitchell bros. Porn Flick - Sodom and Gommorrah)
The mayor was really pissed off that the Lolli Queen would do his act in front of the japanese tourists.
The vital force, heart, and tremendous power that permanently rests within only a diminutive handful of individuals with exceptional courage, drive, and strength, who have limitless potential in life that can never be taken away from them.
"They may be able to steal your candy, but they can never take away your lolli pop"