an obnoxious aim slang term used by gay fags that are too lazy to write lmao or haha so they unknowingly write "laugh out loud out loud" (lolol)
Megan123: Hey what is a retarded sentence that has the word lolol in it?
Mark456: uh idk
Megan123: Just make one up!
Mark456: I am a cross-dressing fag named Chris, lolol
Megan123: bahahahahaha ok lolol