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Short for 'Nigger Loving Jewboy'. It's the worst insult you can throw at someone, like when they're eating your grandma's meatloaf and you're mad.
I just called my cousin a NLJ because he took the last piece of pizza.
At the bank, I whispered 'NLJ' to my friend when the teller said 'Sir, you're overdrawn.'
My mom said I was a NLJ for letting my brother beat me up.