The word 'ily', is the shortened version of 'I love you', and is often used in texts, instant messengers, and in comment boxes on personal webpages. Ily is usually read/said as all one word rather than pronounced as single letters such as 'I-L-Y'. It is usually recieved as an affectionate term used more to describe your admiration for someone, rather than actual love, although can mean different things in different situations.
