laughing out loud literally, unlike lol which it is derived from, loll means you literally let out audible laughter at something.
thats freaking funny, loll
another way of saying "what?" or "whats up?" or even "hello"
Also used to say what in the context of, "I'm sorry, can you repeat that?"
Me: Hey, what's going on?
Me: Oh, nothing, I just said what's up.
Troy: Oh, nothing. What's up?
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