1 definition by Ottisnaesi

An expression, most commonly used by someone named Ja'Crispy, often used in serious situations to provide comic relief or just to indicate that something is funny. Can be used interchangeably with the more traditional "lol".

The literal meaning is unclear but it is thought to have something to do with a person who pantses another person, that is pulls down their pants. The lollery indicates that the pantsing takes place while the pantser is laughing.
Willy: "Aw, man I keep running out of brainfüd!"
Noah: "Lollery pantser!"
by Ottisnaesi April 16, 2020
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