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Me: WTF! What does ILP stand for?
Brother: OMG! Are you serious?
Me: Yes! What does it mean?
Brother: It means I Like Penis/Pie/Pudding
Me: Ohh! I'm gonna start using ILP
Related Words
Stands for "I Love Pot".
A license plate that says ILP-420
ilp by tkm625 September 6, 2007
Short for the phrase "I like pie"
Pronounced as it looks, ilp.

I like pie is supposed be random and funny, but it has become VERY predictable. It's most commonly used by 7-12 years olds, specifically 8-10 year olds.
two nine year old girls:
girl1: *yawns* I'm bored.
girl2: ILP.
girl1: what the heck?
girl2: It means I like pie.
girl1: oh that's awesome you're so amazing!
Mature person: Uh, yeah, i think i'll be going.
ILP by dogluvermatty152 May 23, 2010

Ilpalazzo 

Leader of the top secret ideological organisation ACROSS and future ruler of the city and then the world.
*salute* Hail lord Ilpalazzo!
Ilpalazzo by Paranoia833 February 13, 2004
Troll poster on online discussion forums. Creates many screen names and is usually voted the biggest douchebag of the board.
This Ilpapa was spamming our boards again last night, posting nonstop photos and links to irrelevant subjects.
Ilpapa by TrollKillaz July 14, 2012

Ilpalazzo 

The handsome, suave, sophisticated yet completely insane and egotistical overlord and head of the ideological organization Across.
Hail Ilpalazzo!
Ilpalazzo by Jules Carrozza November 30, 2003