WordReference Random House Unabridged Dictionary of American English © 2020
lu•lu1  (lo̅o̅lo̅o̅),USA pronunciation n. 
  1. Slang Termsany remarkable or outstanding person or thing:His black eye is a lulu.
  2. (cap.) a female given name, form of  Louise. 
  • in slang sense, perh. generic use of the proper name 1855–60

lu•lu2  (lo̅o̅lo̅o̅),USA pronunciation n. [Slang.]
  1. Government, Slang Termsa fixed allowance paid to a legislator in lieu of reimbursement for actual expenses.
  • special use of lulu1, with play on lieu, from a facetious remark attributed to New York governor Al Smith

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