Means Lowered Expectations.
When the Women (or men) in the room are all ugly and makes the least ugly look hott. Normally when you would see the \"hott\" person on the street you wouldn\'t think twice but because you are surrounded by ugly people it makes then someone to lust after. Never settle for L.E.
-Damn did you see Suzy today, she is hott dude.
-- dude you wouldnt think twice about her at the club.
- no man she is soo hot no one is that good looking.
--dude shes a dog. the only reason you think shes hot is L.E.
-no she is not L.E.
(goes to the club)
--theres Suzy dude
-God shes fugly
--told u L.E.