It's the approved acronym that the kids use now.
You're younger than me, but try and keep up.
2S = Two Spirit
(Makes more sense West of the Rockies. It'll get to the East Coast eventually.)
L = Hello, ladies!
G = Gaaaaaayyyyyy!
B = But only after three beers.
T = Transgender. Duh.
Q = Queer?
(I think. I have no idea what that might mean operationally, however.)
Q = Questioning?
(I think. Probably related to the B after three beers, the morning after.)
I = Intersex
(The mind boggles, and this is a family site, so just let that one go.)
A = Androgynous?
(I think. I may be wrong. It's probably one of those things only college kids know.)
+ = Everyone else! Up With People!