A loss, whether it be financial, emotional, physical, etc.
"Damn I just failed my test. That's the L."

"Now that my car was stolen, I'm just going to have to take the L on that cross-country road trip."
door DDdaza 5 mei 2007
An abbreviation for the NBA. From "The League"
"Golden State is the nicest team in the L."
door BigNasty301 27 januari 2008
An Establishment that sells alcoholic beverages
I'm gonna run to THE L and gets me a 40
door jack bone 13 februari 2008
a headlock,named after the fact that it looks like an uppercase letter L
Tim:Jon,I fucked your baby sister last night
Jon:Shut your mouth before I put you in the L
Tim:OK,whatever
Jon(throwing him in the L):You in the L now son!
door Bigg Joe 10 oktober 2007

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