The lemma of a Lexeme is supposed to be no longer than 1000 characters (code points, mb_strlen), but this is currently not validated when creating a new Lexeme through Special:NewLexeme, or through the no-JS version of Special:NewLexemeAlpha. (The JS version of Special:NewLexemeAlpha uses the API to create the Lexeme, where the lemma length is properly validated.) This lets you create a Lexeme with a lemma much longer than should be supported (I tested 32768 🤔s, which was enough to start slowing down the browser), where the lemma can’t afterwards be edited unless you make it short enough to be below the limit.
Update: Likewise, the label, description and aliases of a new Property should also be limited to a certain length (though in this case the limit is configurable instead of hard-coded), see T308659#7939007.