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1.
Marijuana, Herb, Weed...
Yo I just copped a 20 of lizm, go cop a dutch and we gonna get high.
von Smokey 19. März 2004
 
2.
the act of jizzing before having intercourse.
"I just heard the funniest thing about John last night... It seems he lizmed before making it with Sharon."
von goodunderthehood 10. Juli 2009