lulu 1
/looh"looh/ , n.
1. Slang. any remarkable or outstanding person or thing: His black eye is a lulu.
2. ( cap. ) a female given name, form of Louise .
[ 1855-60; in slang sense, perh. generic use of the proper name ]
lulu 2
/looh"looh/ , n. Slang.
a fixed allowance paid to a legislator in lieu of reimbursement for actual expenses.
[ special use of LULU 1 , with play on LIEU, from a facetious remark attributed to New York governor Al Smith ]