in Ontario, Canada, all liquor is sold at a government run chain of stores called the LCBO (Liquor Control Board of Ontario).
Licbo is used in conversation as it is shorter to say and is a phonetic pronunciation of the abbreviation
Dirk: hey, Mirk, got any plans for the tonight?
Mirk: oh yeah, going to a party at Zirks, but i gotta hit up the licbo and buy some whiskey first
Verb: to break a promise, default on a debt or ask for the return of a gift or other item
Origin: taken from Sen Joe Lieberman's (Slave - Insurance Industry) habit of breaking his word, first to his constituents in CT, and now the American People