The term 'LOTS IN LIFE' can be summarized by the crossword solution 'FATES', which is a five-letter word. Fates refers to the three goddesses in Greek mythology who were responsible for determining the destinies of mortals. They were believed to control the outcomes of events and the lives of individuals, symbolizing the idea that life is predetermined. Therefore, the phrase 'LOTS IN LIFE' can be interpreted as having many different paths and possibilities in life, all of which are predetermined by fate.