Oicy means a restaurant that isn't run-of-the-mill but isn't too expensive or pretentious, and isn't a chain restaurant. It's just on the cusp of being fancy.

1. acronym for Laugh Out Loud + sob -- an expression for something that makes you lol and cry at the same time.

2. acronym for Laugh Out Loud, Son of a Bitch. An expression of bitter anger over something funny.