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Presumably derived from MILF and stands for "Vice president I'd like to fuck". Has been used to describe John McCain's VP pick for his 2008 Presidential campaign, Sarah Palin, on various websites.
Jim: Dude, Sarah's under ethics investigation in her state. She opposed endangered species listing for polar bears too.

Bob: Fuck the polar bears! Look at those legs and her glasses...she's a VPILF! I'ma hit that someday.
by game kid August 31, 2008
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Paul: Dude, Sarah Palin is a VPILF.

Jesse: Yo, she aint a VP yet

Paul: Damn I better vote for McCain

by j-dubba August 29, 2008
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(Vice-President I'd Like to Fuck): Someone second in line to the presidency with whom you would enjoy engaging in sexual intercourse.
Have you seen that stone cold fox Sarah Palin, a true VPILF?
by kubfann September 30, 2008
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Vice President I'd like (to) fuck.
Guy 1: DUDE, Sarah Palin would be a VPILF if McCain/Palin could overcome the interweb's vast favoring of the democratic candidate in the 2008 general election.

Guy 2: She'll always be a VPILF in my heart.
by dplux August 30, 2008
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