A phrase used when everything is going great. Derived from the military phonetic alphabet for the letters "L" and "F" -- which here are used to abbreviate the term "Loose and Floating." The origin of the phrase is from terms used to describe the first dump you take in the morning. If your stools are loose and floating, your bowels are supposedly healthy and everything is going to be good that day. (As opposed to "Hotel Sierra," for "Hard and Sinking" -- an indicator that your turds went straight to the bottom of the bowl and you've got some kind of problem in your gut.)
Hey, Brad, how's it going?
Great... Everything here is just lima foxtrot.
That new piece of equipment is just running lima foxtrot.
We redid the tests and everything came back lima foxtrot.
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