A person who is some type of Asian. (Eg. Chinese, Japanese, North or South Korean.) It Is used in a nice way without offended anyone about someone's ethnicity. If your trying to describe someone without getting where they came from wrong. It is an umbrella term for Asians.
Associated with the peace sign and the tongue wiggling between the two fingers used for the peace sign, it is used for whenever two half(or less) asians make love.
Person 1:"Did you see Kristen and Alex at the party?"
Person 2:"Yea, can you say ASIAN LOVE?!"