Yep, it means horrible lizard.
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Terrible, not horrible, silly
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Saurus is a Latin word (by definition, it uses latin characters). According to the Oxford Latin Dictionary, saurus means a fish, in particular the horse-mackerel.
What you may be looking for is "saura" (\sigma\alpha\upsilon\rho\alpha), which is a Latinized Greek word meaning a type of lizard or salamander. Neither terrible nor horrible is implied in the original word.
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Don't call me off topic, you're off topic, this whole court's off topic.