This is also the name of the anatomical structure made of connective tissue surrounding the ball and socket joint between the humerus and the socket of the collarbone, helping to stabilize it. Players of such sports as baseball and tennis sometimes suffer tears of the labrum (further classified, to be precise, into SLAP tears, Bankart lesions, and posterior labral tears), which are occasionally misreported as "torn labia."

Nope, not the same thing at all, though your word processor likes it owing to The spellchecker affect.