LIFO, which stands for 'Last In First Out', is a method of data organization where the most recently added item is the first one to be removed. This principle is often used in stack data structures, where elements are added and removed from the same end, reflecting the idea that the last item placed on the stack is the first to be taken off. This behavior contrasts with FIFO (First In First Out) systems and has various applications in programming and memory management.
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