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A portmanteau of the two words, lesbian and lizard, meaning basically someone who is female and is attracted to women. The "lizard" doesn't have much to do with the meaning, but lets be honest... it just sounds good.
Coined in early April of 2007, it came to be used as either an insult to the same effect as gay or a term of endearment if so chosen, depending entirely on the tone with which it was delivered.

NB: meant in a non homophobic way.
Marianne: Why are you so gay?
Spenser: Why are you such a lezzard?
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Izzgaard Lizzard

A once famous and classically beautiful Scandinavian rockstar rabbit who wound up retiring to the fine city of Seaside, California to live out her final joyous days with her adoring and attentive lagomorph lover, Mad Max who is a talented and prolific poet.
Izzgaard Lizzard knew how to age gracefully, she gave up performing at just the right time in her career, becoming simply “Izzy” while focusing on what mattered most to her: true love!

lot lizzard 

truckstop hooker
lot lizzard by Anonymous January 31, 2002

Lizzardnall 

the koolest, sweetest, sexiest, most caring person(until you piss her off) that will do anything stupid to make you laugh! crazy, crazy, crazy!! you may be crazy, but NOT Lizzardnall crazy!!
i really want to find me a Lizzardnall to be with for the rest of my life!!
Lizzardnall by beastBABY!!! October 14, 2011

Stanky Lizzard 

one who reeks of betrayal; one who betrays, backstabs, and or is straight up trippin. Quick and slippery under the gaze of truth. Full of lies and deceit. An oppressive reptile, often shunning invlovement to mask their selfishness. The stanky lizzard often has questionable morales, and seldom follows through on life.
Friend 1: "I don't have time to play Call of Duty. I'm sooo tired and need to do homework."
Friend 2: "Breh, lies! You being a stanky lizzard in this mug right meow!"

Chuck: "I thought you and her were gonna hang out today."
Tim: "Nah breh, she was a pretty stanky lizzard."
Stanky Lizzard by Trip M's in Corbett September 29, 2011
Lozzard - Female - a person of extreme awesomeness, certainly one of a kind.

Always has the men wanting her, due to the fact of being a total babe !

Artistic, gentle, kinda querky and quick witted will always a have a funny come back to any situation.
They also have these weird super powers, where you can never get angry at them with out laughing.
lozzard - magical super being
also known in an expression of - omg that was so Lozzard
Lozzard by jocelyn_the_vampyress February 28, 2011

Bleeding the lizzard 

Look at that! All three of us bleeding the lizzard.