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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.
lolli by SweetPete SweetPete June 4, 2007

lolli.org 

A messageboard based social networking site based out of Pittsburgh, Pennsylvania that is used primarily to promote and discuss electronic music.
1. didju read dat thread on lolli about the bacon cheese log?

2. are you on lolli?

no, I'm sober.

3. how did you know about how much frankie bones sucks?

I read it on lolli.org
lolli.org by baconlover412 January 30, 2009

Lolli Licker 

Common definition: Someone that likes sucker candies.

Underground definition: Someone that loves to suck dick; a cock sucker.
Michael: Suzy really seems to love that group of guys over there. Just look at her eyeballing their swimming trunks.

Melinda: What else do you expect? She loves sucking dick.

Amanda: That's a Lolli Licker for you.

Lolli Queen

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.
Lolli Queen by Tim Freckman March 20, 2003

ice lolli 

Can you go get me an ice lolli from the freezer?
ice lolli by PurpleIsFruit July 10, 2009

Lolli Pop 

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"
Lolli Pop by Jolly Rancher May 2, 2005