It means "She who lives" or"The favourite child". Exotic-sounding, it is a beautiful name that was very popular during the late 20th century. An outgoing, friendly and outspoken woman. A gorgeous person with a trusting nature.
A term given as advice to somebody with a poor quality car. The term means to dispose of one's car in a large body of water such as a lake to inflict flood damage. Usually, this advice is given to noobs when they join a car forum and make an attempt to show off their piece of shit.
-----Typical Car forum-----
Noob: Hey, my car has been giving me several problems and I can't figure it out. I think I need a new engine. Vtec isn't engaging.
OG member: Please lakemod your fucking car already with yourself strapped in.