I see a lot of people here are just fooling around instead of answering your question, here is an honest low-down of ILOVEYOU virus.

ILOVEYOU virus is a Vbscript program that is usually sent an email attachments. When the attachment is opened, the virus spreads to the contact list in your system. The virus then looks into the recipient’s address book and re-sends the same mail to everyone, and later on, destroys the file types such as JPEG, MP3, VPOS, JS, JSE, CSS, WSH, SCT and HTA. It also resets the Internet Explorer Start Page and Windows Registry.

Sample ILOVEYOU Virus Mail:
Sender: (Someone that the victim knows)
Subject: ILOVEYOU
Body: Kindly check the attached LOVELETTER coming from me.
Attachment: LOVE-LETTER-FOR-YOU.TXT.vbs

Steps to Remove the virus:
1. Killing all the processes that start with “love” in the Task Manager.
2. Permanently delete all the entries in the hard disk LOVE-LETTER-FOR-YOU.TXT.vbs, LOVE-LETTER-FOR-YOU.HTM, MSKernel32.vbs, Win32DLL.vbs, WIN-BUGSFIX.exe.
3. Change the default entries in the registry to HKEY_CURRENT_USER\Software\Microsoft\Int… Explorer\Main\Start Page “msn” or any of your choice.
4. Install and run up-to-date security softwares such as Comodo firewall, antivirus, anti-malware or anti-spyware applications.