"L" stands for Loss. Originally used to describe one's disposition of engaging in an activity that he/she does not particularly like.

A typical comment made by 12 year olds while arguing on mainstream Youtube music videos.

Oftentimes spammed or used at irrelevant situations.
-I totally flunked my math exam yesterday...
-Just take the L bro.
by Misanjin March 16, 2016
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To take a loss for the day
Joseph-"Bruh you missed that open lay up here bruh take a L"
Rafa-"shut yo bitch ass up"
by Jaynumbanine March 31, 2016
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In simple terms the following "taking the L" is having to be the loser or taking the loss in any situation.
Tonya : "bout to fail finals week & taking the L with me".
by MI$$.MONEY December 29, 2016
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'Take the L' means 'take the loss.'

This became really popular for some reason, and is often used when someone gets roasted or when they loose/fail (at) something.
Lol, Ricegum came out with a new diss track about Jacob Sagitarus! He's gonna take the L again!😂😂
by Lia and lidi July 6, 2016
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Take this loss; usually used when your mad at someone
"Omg Justin has another girl on his snapchat"
"Take this L"
by Whattheheckcomeafter6? October 27, 2016
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Come on Jake she just won't go to prom with you take that L
by OptimisticTurtle February 12, 2016
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