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In simple terms the following "taking the L" is having to be the loser or taking the loss in any situation.
Tonya : "bout to fail finals week & taking the L with me".
by MI$$.MONEY April 07, 2016
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Famous saying after the Drake and Meek Mill diss.

Formally meant

"Taking the lose" or

"Took the lose"
Hey bro did you see the Mayweather and Paquio fight?

Yeah man! After the 2nd round it was already obvious Paquiao was Taking the L

L takingthel
by Savage Elephant October 10, 2016
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