Lesbian, Asexual, Gay, Bisexual, Intersex, Trans, Cis, and Hetero. (The Q is silent)
I think this improves on the initials, on a number of levels:
1. you can pronounce it instead of saying a list of letters, which is getting more and more lengthy
2. includes Ace and Intersex people, who both need a hug, so come on
3. includes Cis and Hetero, which reduces bisexual erasure and gatekeeping, and increases allyship.
4. it's fun to say. "Are you a LAGBITCH?" "Why, yes, yes I am. Aren't we all?" ... "Indeed."
Thoughts?