I wonder if this is the same Lola, that walks like a woman, but talks like a man? In the meantime, 'Lola' has a long history of hookership and ho-ship. See: Long Island Lolita
Family feuds version of a hooker
1.) 60s. Nickname or reference to your mom. "Geez, how long did your old lady ground you?" 2.) 70s. This is a term of endearment used to describe a wife, girlfriend or significant other. "The old lady is going to kill me if I don't get this lawn mowed." 3.) Per Captain Obvious: an elderly woman.