1 definition by Saru
Actually two words made into one compound word, it is basically saying "lol, fag". Usually meaning "Lol, you're a fag" or "Lol what a fag".
Tom: I can't beat level three :(
John: Lolfag
or
Tom: Some guy slapped my butt in the locker room O_o
John: Lolfag
John: Lolfag
or
Tom: Some guy slapped my butt in the locker room O_o
John: Lolfag
by Saru November 6, 2007