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lulu

1 American  
[loo-loo] / ˈlu lu /

noun

  1. Slang. any remarkable or outstanding person or thing.

    His black eye is a lulu.

  2. (initial capital letter) a female given name, form of Louise.


lulu 2 American  
[loo-loo] / ˈlu lu /

noun

Slang.
  1. a fixed allowance paid to a legislator in lieu of reimbursement for actual expenses.


lulu British  
/ ˈluːluː /

noun

  1. slang a person or thing considered to be outstanding in size, appearance, etc

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of lulu1

First recorded in 1855–60; in slang sense, perhaps generic use of the proper name

Origin of lulu2

Special use of lulu 1, with play on lieu, from a facetious remark attributed to New York governor Al Smith

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