I found this amusing list when i decompiled the LGSettings.apk present in maybe every LG ICS Device's ROM.
LG's developers seem to have fun in hiding some bad words in their ROMs,
did they know this would be discovered somewhen? lol
more after the break...
This is the complete word list, in the file ./assets/simple_password_dictionary.txt (which seems to be used for thethering), i highlighted the swears / lolwords: