It's a LGBTQ++ way to refer to a (het)erosexual person, who's not trans (cis) that also displays sexual attraction (allosexual).
So, about 95% of the population.
Jenny (ix/ixem) : Do you think Mark likes me?
Flora: I doubt it, he's a fit, monogamous, white allocishet male, and you're genderfluid, poly, half transitioned HAES lesbo-rastafarian. You're out of his league!
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