Slang for "laugh out loud" or alternatively "lack of lire"
When someone has failed in a business venture in Italy- or equally any foreign country- due to their misjudgment of the ease with which they can extract money from the indigenous population, consequently leaving them destitute and stranded in foreign parts resulting in their bitterness and trying to shift the blame for their failings on the "stupidity" of the locals. Hilarious!
1. Whats up with that miserable bastard?
1.Oh right I heard he fucked up big time in his Italian business venture and he is blaming the Italians for him blowing his finances on a hair brained scheme and ending up bankrupt, the wanker.