This is not a commonly used slang phrase in Spanish. It seems to be a combination of the direct object pronouns 'lo' (him/it) and 'la' (her/it). However, without further context, it's hard to provide a precise meaning.
Examples
- Spanish: Depends on the context in which it is used, as it does not represent a specific slang term.
- English: Depends on the context in which it is used, as it does not represent a specific slang term.