When you do whatever you want, when you want, because you can. And you do it with pleasure. It's an epic thing, just epic.
LULZ is seen as a God, it just is.
You see someone get hit by a car and laugh. Someone asks why you laughed and you say "I did it for the LULZ"
You troll all over the internet and say to anyone who asks you why "I did it for the LULZ"