The evolution of the phrase "I like you", often used by someone who's falling for another person. In this instance, the letters "ik" are dropped, and the space is left blank to demonstrate the intensity of passion between the two people.
(pronunciation: I el ee u).
The next level of usage would include filling up the two spaces with the letters "ov"; making the ultimate phrase "I love you".
"Fallon, I l e you"
"David, I l e you too"
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