Doesn't stand for very much.
Also a combination of influencing factors such as a) the ill-fated suggestion of Gamma Chi and online greek group which got bogged down in arguments and folded b) teasing response to suggestions of a trend of clique-ness and c) group of online friends (who may've met in real life) wanting to highlight that affinity.
Removal of
actual GLO letters also influenced by a feeling comments may reflect upon the org or the org may be judged or thought of on basis of comments made and people are reluctant to do this. So they remove them and can be as bad as they like.
Or, to put ALL of that another way...
Q) Is this some joke I missed out on or something? YES.