It doesn't stand for anything as far as I'm aware. It's just a way to ID a fish that has not yet been officially named/described by a scientist. Basically, hobbyists say, that fish looks like that one and that one, so well call those Lsomething so that we can tell them appart from those three over there that look slightly different, and we'll call the latter three Lsomething-else
Once the L number is establised and a fair few people all know what the fish is supposed to look like, the LFS can then order them in for people, according to their L number using their supplier and be fairly shure that what they get will be very similar to what they are supposed to look like (well, that's the theory, practice is different IME)