it's a contraction for lol + ASV + cookie+ kikoo + mdr +ptdr + laule. Cookie is often used to reply someone using "kikoo" when enter himself into IRC room.
lolilolasvcookikoomdrptdlaule is also used to make fun of someone's using too much "lol" word into conversation.
sam : lol
mat : lolilolasvcookikoomdrptdlaule !
sam : -_-`