Spanish:
* "My love": This is the most common meaning in Spanish, used as a term of endearment.
* "My thing": This is a less common but possible interpretation, referring to something that is yours or belongs to you.
Italian:
* "My place": This could refer to a physical location or a metaphorical place, like one's home or comfort zone.
Other languages:
It's possible that "mi lo" could have other meanings in other languages. If you provide the language you're interested in, I can give you a more specific answer.
Without context, it's difficult to determine the exact meaning of "mi lo". If you can give me more information about where you encountered this phrase, I might be able to give you a more accurate translation.