Quite simply; Vice President I'd Like to F**K. Of course this is a freshly minted term in direct response to the current Republican Vice President pick made by John McCain, one Sarah Palin.
Rufus: McCain's wife has got to be pissed bro.
Bro: Whaddup Ruf, what da deal?
Rufus: His pick for VEEP is a VPILF!
Bro: Shure makes Obama's wife pale in comparison.