Based on the data drawn from an intensive ethnographic study on young adults in Bangladesh conducted in the virtual space, specifically Facebook (FB) and analysis of those data through a transglossic framework, the paper shows that the meaning-making processes in lingua franca (LF) encounters can be appropriately deciphered when their language is considered in terms of translocalisation, transculturation, transmodality, and transtextualisation. The data also demonstrate that the young adults deliberately flout the linguistic features of English with their Bangladeshi counterparts, while they prefer to approximate a native form of English with other native and non-native speakers of English. Even though their English is variable and emergent in the potential LF context of the virtual space, their conscious choice of approximating a near-native form indicates that they are keenly aware of the ideologies related to ELF and associated with ELF identity attributes. The paper confirms the necessity of reconceptualisation of ELF, considering the idiosyncrasies of young adults’ language practices; and identifies the paradoxes of sociolinguistic profiling of South Asian speakers, based on dichotomous and binary phenomena, such as ELF and non-ELF speakers, EFL (English as a Foreign Language) vs. ESL (English as a Second Language) speakers, or members of the Inner Circle vs. Outer Circle.