SLI = Scan Line Interleve, developed by 3DFX and used in the VooDoo2 and VSA100 series of chips. One chip processed odd, the other even lines. SLI worked slightly different on the VSA 100 becuase it allowed many chips to run in it (i think up to around 100, hence the name VooDoo Scalable Architecture) It also was Single Card SLI on the VSA100 based solution and it communicated over a digital link rather than the old voodoo2 SLI.
But times have changed and that meaning is only for those of us who fought the 3dfx versus nvidia flame wars.
It has a new meaning in the modern world and it has little in common with nvidia's new SLI, save sharing the same marketing acronym, for it now stands for Scalable Link Interface

and works completly differently than that of the people who created the acronym.