(pardon late response from passing stranger!) AKICOLJ - your guess is the way I read it myself, though I gather the preferred reading is "all knowledge is contained on LJ", but that bugs me because surely things are contained *in* something not on it. I don't know where the acronym first arose though, so I don't know if anyone has a definitive view.
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This may be too much info, but Latin is entertaining.
Now I must do some actual work...
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