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1 definition by Bloodydragon14

1. The phrase used when something funny happens, But you missed it, So It's basically Combining lol and wut (meaning What) Together.

2. Laughing at something that you don't understand
Example 1.

Friend: -Mumbling beginning of sentence- at the store!
Group: (Everyone laughs together)
You: (After hearing everyone laugh and not know whats going on) Lolwut??

Example 2.

Friend: *Makes random Quacking sounds*
You: Lolwut?!
by Bloodydragon14 April 26, 2010