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Short for "Lancer Evolution", an AWD rally car manufactured exclusively from Mitsubishi Motors; rivals to the Subaru Impreza STi.

"LanEvo" can be seen in the Initial D anime series, where it gets it's ass whooped by an 86 Toyota Corolla GT-S, also known as the "hachi-roku".
Asian: My LanEvo smoked your Honda Civic, you fucking spic.

Spic: stfu
by LanEvo April 06, 2004
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