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An unclearly defined expression with at least two opposed meanings:

1. cool, rad, bonkers, often used in context with shenanigans
2. lame, stupid, occasionally also referring to douchebaggery

The extreme ambivalence of the term is an uncommon and problematic linguistic feature. To avoid misunderstandings, the term should be used in an overly frequent way, thereby making its meaning as unclear as possible.

Mainly used as a single-word comment in conversations.

Derived from the German word "läppisch", meaning easy/small.
richtig läpsch
läpsch by nocturning May 22, 2017
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LanSchool 

A Remote Administration Tool, better known as spyware, made by Lenovo. It has a nasty habit of tricking schools into trusting it, only for it to embed into signed-in Google Chrome sessions, making it impossible to remove, while it stores everything you type and search. Easily circumvented by disconnecting from the internet.
LanSchool is on, I can see what you are doing.
LanSchool by BlazeFrag_ October 24, 2017
Related Words

LanSchool 

A Software that is "supposed" to track students history during School so they catch them in the act of going to an "inappropriate" website or webpage, or just simply fucking Google. It's most trusted, however, it's considered to be an advantage to Malicious or Spyware hackers, since it is traced with a keylogger. So they can easily track passwords, information, and other things that you don't want to be accessed by anyone other than you. So really, it's just a computer program that defeats the purpose of the Internet. It's very easy to get caught since they can literally see your fucking screen. Again, they can track every single goddamn thing you type, every single website you visit, and every single thing you DO on said website. I'm surprised that this is what Schools have to resort to. Considering the fact that what the kids do on computers can't be tracked all at once, and everyone is just doing the same thing. and lo and behold, LanSchool was created!
Mark: I hear the school installed LanSchool on all the computers
Jane: Oh shit
Teacher: *Writes Discipline Referral*
LanSchool by TheGayAccount August 1, 2018

Lipschitz 

Pulling a Lipschitz is the act of taking a bath in a stranger's house without them knowing about it. Most commonly performed at a party where you don't really know the hosts. This way there's probably a lot of loud music and distractions, and it will be easier to pull off. The term comes from the Rugrats character Dr. Lipschitz, who is supposed to be babysitting the kids, but instead runs himself a bath.

Also known as "pulling a Danny C."
Person 1: Hey, was that party last night any good?
Person 2: Nah, it was really lame so I tried to pull a Lipschitz. Unfortunately, the girl whose house it was heard me running the water and wasn't too happy about it.
Person 1: Ah man! You'll get it next time.
Lipschitz by Terry Yawkee March 2, 2011

Lipschitz 

A function f(t,y) is said to satisfy a Lipschitz condition on a set D if there exists a constant L>0 such that abs(f(t,y1)-f(t,y2)) < L*abs(y1-y2) for any y1, y2
Yo, Shelby’s got this IVP to solve, so you know she’s about to go fucking Lipschitz on the D.
Lipschitz by Moishe Turweston October 26, 2019

Larsches Lox 

The only way to describe a well cultivated mullet.
Rachel from Beefs Barbers has done a great job on Shmick’s Larsches Lox.
Larsches Lox by ShmickROK November 26, 2019

Lapscaping 

verb trans. to improve the aesthetic appearance of the pubic region by grooming, trimming, shaping, or altogether waxing bald, said area. (landscaping for laps)
Damn, Mary, that's the biggest bush I've ever seen. For the love of God, get the hell over to Aveda and get some lapscaping before we go on vacay.
Lapscaping by Holly M S July 4, 2010