"yaoi" is from an acronym that basically means "no plot, no point"
"yuri" is the japanese word for lily, the flower
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in reply to @bethposting's post:
as a sarcastic response to people who said some early yaoi was too focused on sex scenes and neglected plot
Indeed, yuri is the counterpart of bara. Barazoku (rose tribe), the gay magazine, coined yurizoku (lily tribe).
