* It's a misspelling: It could be a typo of a real word, like "lolly" (meaning candy) or "loyal."
* It's a slang term: It might be a slang word used in a specific community or region.
* It's a made-up word: Some people invent their own words for fun or as a way to express themselves.
To help me understand what you're looking for, could you provide more context?
For example, tell me:
* Where did you hear the word?
* What was the context?
* What do you think it might mean?
With more information, I can try to figure out what "loiloi" means.