What does body only lens mean?

I'm looking at Nikon cameras online and there are options to buy a camera "body only" or with "two lens VR outfit". If I were to buy the body only option, would there be no lens at all?

That's correct.
"Body only" means you get no lens with it. It's the cheaper option if you've already got a room full of compatible lenses.

"Body only" means just that. No lens included.
"Two lens outfit" means two lenses included. (They should specify which ones.)

Body only means exactly that - you are purchasing the camera body only with no lenses.

With two lens outfit means the camera body and two different lenses (normally pretty cheap lenses).

Price it out tho', when I bought my d50 a few years back I was able to purchase the body and a 28-80 lens for only ten bucks more that "body only!