"I love it!", or possibly "I love you!"

Usually a stand-alone phrase.

Infinitive form being "to lobs", it most commonly appears in its conjugated form.
Roommate: Like, omigaaad! Those shoes are sooo kyooot!

Roommate's friend: Thanks, they're from Urban.

Roommate : Lobses! I just got one of their beltssss...
by Kitka March 30, 2009
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