"Lawl*o*Cost" - An event that occurs when an individual overuses the term "Lol", in a textual, written, or vocal context. The outcome could be genocidal, meaning it could kill an an entire generation of people. Many people like to believe this never happened. It did, and is reoccurring on a daily basis.
"Lol, I was like totally supposed to go to the mall today lol, but I didn't cause I had like a Doctors appt. Lol. Lulz. Lawl." This is a Lolocaust