1. A phone that has such a hilarious ring tone that it makes everybody in the vicinity lawl
2. A ring tone of people or someone lawling
3. A fake phone that rings whenever someone makes a joke
"Me - Ohh man my Lawlerphone has been ringing off the hook today I just can't get it to stop.
Guy - Yikes that could be a bother...
Lawlerphone - LOLOLOLOLOLOLOLOLOLOLOL"
"Guy while talking to girl mumbles
Girl - I'm sorry come again?
Guy - THATS WHAT SHE SAID
Me - OMG
MY LAWLERPHONE IS RINGING OFF THE HOOK!