A lipstick lesbian is a woman who pretends to enjoy sex with other women, in order to a please men. Aka, a fake lesbian. The reason for this is that she is 'putting on' her lesbianism, as you put on a lipstick.
A biofemale who is sexualy attracted to other biofemale's, who feels and expresses - maleness, as a gender ID, but does not want to transition into a male body, AND dresses as a female..ie: wears makeup/wings/high heels/female clothes/fake fingernails etc... esp. if the manner of dress is for the purpose of being attractive to a Lipstick Femme.
A Lipstick Femme is often mistaken as a straight female.
A Lipstick Butch Lesbian, may also be mistaken as a straight female, who doesn't act like a girl. or even mistaken as a man in drag... a lipstick butch is sometimes refered to as a 'lesbian drag queen'..(not to be confused with a drag KING) or a 'butch in drag'.
A woman that likes other females, and do not like men. Lip stick lesbians are really feminie, and alot of men usually have a hard time believeing that these girls only like other women. Alot of broken hearts are common for men when they should ever have to meet, a lip stick lesbian.