Watch a few episodes of Mad Men and you'll get it.....
eXtra Large Truck.
Exultant.
Exalted.
It means it has a few items, bells, whistles etc and is not a stripper.
My '98 Exploder is XLT. Leather, tilt, cruise, air, AM-FM casette/cd, PDL, PW, PDS, running boards. I could find the window sticker if need be to determine what was "XLT" and what I paid more for.
The next one up in the Exploder and iirc the Bronco & Expedtion is the Eddie Bauer. More bells and whistles.
Then there was the "Limited". They made lots of those, how can that be?
Oh, one other thing: This thread is 10 years old.......