The Lambda LITERARY Awards, also known as the 'Lammys', are an annual set of awards given to recognize excellence in LGBT literature. The awards are presented in a variety of categories, including fiction, non-fiction, poetry, and drama. The awards were established in 1989 and are now considered one of the most prestigious honors in LGBT literature. The name 'Lambda' is derived from the Greek letter of the same name, which is often used as a symbol for the LGBT community.