An outstanding, extreme, or outrageous example of its kind.
When the show-down came, the other players informed him he had lost. One man had turned up a 2-4-6-8-9 of varied suits. ¶ "That," they all exclaimed, "is a Lollapalooza. It beats anything—even a Royal Flush."
Unknown. Compare lollypaloozer and lallapalootza, which are attested earlier with similar meaning. Compare also 19th century slang la-la something unusually good.
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