A cannibalization of the phrase the lick. Both mean something that is really great, or the pinnacle of something.
Poser 1 : Dood, that guy is ridin' spinners!
Poser 2 : Yeah, those are the like!
Poser 1 : What did you say? You mean the lick?
Poser 2 : Same thing, moron. Let's go get a taco.
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