What does LSP mean?
Less Sensitive Person
Other definitions of LSP:
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How to use the term LSP:
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More slang terms:

OSS
Open Source Software

WOTR
War of the ring

MSOG
Multiple shots on goal

Submarine Races
Taking someone to the beach instead of make out point. You near the water and watch the submarines race (which is pretty uneventful, so you do something else to pass the time).