nope, it means its easier to spin the car (if RWD) as both wheels are going to spin instead of just one. If you going round a corner and floor it on a non LSD car one wheel will spin, the other will grip and all the extra power is lost on the spining wheel (just even more smoke). On a LSD car the power will go thru both wheels. It does mean that more power can be put down before traction is lost, so cornering and accelerating at the same time will inprove your speed, but when you do loose grip, you loose it on both wheel.
The are many different types of LSD so they react differently.