An abbreviation popular around many colleges in the United States. FTL stands for Fuck The Lambs. The Lambs are a particularly preppy and douche bag oriented fraternity that goes by Lambda Chi Alpha.
Did you see all those lambs dressed up like douche bags?
Yeah man, FTL.
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An action whereby a player immediately restarts a game after dying.
He died on level 1 in pacman, so he pulled a rage restart so he could start again with all his lives back.