Llyod is Ari's lovable gay assistant. He comes from money and is definitely over-qualified to be merely an assistant, but he seems happy to have the role and be abused by Ari. Who wouldn't be?
Lloyd: What's wrong?
Ari: Has so much cum squirt in those eyes you can't see what's right in front of your face? Amanda Daniels takes that job, Vince is fucked and I'm fucked. Which means we're all fucked. And we're fucked in the way you like to get fucked, not fucked in the way normal people like to get fucked
Eric: Hey Lloyd. Is he decent?
Lloyd: Eric, I'll deny I said this but no. He is not decent. He's an awful human being