Jun 14, 2010 11:59
The blanket term "yaoi" is an acronym for the phrase "Yama nashi, ochi nashi, imi nashi", which means "no peak, no point, no meaning". (A backronym meant as a joke identifies it as "Yamete, oshiri (ga) itai" which literally means "Stop, my ass hurts!").
From an article I just read.