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Short for "Just kidding. I love you." Under normal circumstances, a quick JK ILY will alleviate any negativity in something you previously said, and it slips off the tongue well.

It should be noted that a constant no homo enshrouds a JK ILY, unless specifically stated.
Guy 1: Hey your Mom's alive!
Guy 1: April foolssss!!!!
Guy 2: But my mom did di-
Guy 1: JK ILY. Talk to you later. *walks off*
Guy 2: WHAT!?
by LOL POSSUMS October 12, 2007
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