Balls that are loled, or the state of having one's balls loled after a funny joke.
OMG! LOLBALLZ!!! *falls onto the floor laughing*
A situation or joke, or anything being so incredibly funny that you actually might have laughed your balls off.
I don't think I laughed that hard since the great lolocaust of '08 where 7million people simultaneously pissed their pants.
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