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Last In First Out. Referring to a co-worker that arrives the latest but always leaves the earliest. Working aproximately 4 hrs a day. This person can be an assclown but the majority of them are boat anchor.
Damn!!! ... John sure is a LIFO
by FynACK/DCHO September 26, 2003
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Acronym. "Last in first out". Origianating from stock control methods and cost accounting. The opposite of FIFO (first in first out)
We issue stock using lifo
by Kung-Fu Jesus April 26, 2004
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