Some people claim that code\'s worst enemy is its size, and I tend to agree. Yet every day you keep hearing things like
Check out wikipedia's definition: http://en.wikipedia.org/wiki/Source_lines_of_code
SLOC = 'source lines of code'
There is actually quite a bit of time put into these metrics where I work. There are also different ways to count SLOC.
From the wikipedia article:
There are two major types of SLOC measures: physical SLOC and logical SLOC.
Another good resource: http://www.dwheeler.com/sloc/