Locombia refers to the South American Republic of Colombia and is often used by young travelers with reference to its vast production of recreational drugs and perceived safety issues.
Word pun by combining "Colombia" and "loco" ("crazy, mad").

Adj. Something that is expected to have a long lifespan by virtue of having existed for a long time, based on the lindy effect, named for the New York restaurant Lindy's, coined by Albert Goldman and popularized by Nassim Taleb.