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Prounounced Leh-PEE-Sah. An abbreviation for "Life Is Precious, and I'm Still Alive." It's used to appreciate the beauty of life during the aftermath of a YOLO-like event that you entered involuntarily. (In other words, "Shit I almost died, but that was awesome!")
We went off-trail during a hike and had to rock-climb our way back without safety equipment. LIPISA.
by Deer2012 July 08, 2012
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