That's the proposal for the name.
There is no standard and easy to parse image format that handles layers. This project hopes to become just that by creating and documenting a container format using SQLite 3.
http://shapeof.com/archives/2013/4/we_need_a_standard_layered_image_format.html
PSD is very complicated and hard to parse. SQLite is everywhere and easy to use. It's easy to get data in and out from just about any scripting language, and C bindings are no problem.
The goal is to make in unnecessary to parse bytes to get to layer data.
http://groups.google.com/group/lift-dev
See the file "Lift Specification" for information on creating and reading a lift image.
A reference Python implementation is needed.
An importer and exporter for Photoshop would be great to have.