A really gay way of saying "lol". I have no idea what the point of adding another "o" and another "l" to the end of it is, but whatever
laughing out loud out loud? How does that make sense
<me> you're so retarded
<me> spell it right. it's lol.
<person> no its lolol!!!111
<me> eh, nobody can get anything through your thick head...
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