The study of the term 'lol' in order to futher progress our understanding of its use, its meaning in various contexts, and affect on society.
Encompassed within lolology is lol dynamics, the study of the mathematical properties of lol and how these can be used to futher understand its meaning
Person a) Wowomg! That lolology lecture was fabtabulous!
Person b) It was l(ol)^9.
Person c) Say! Lets all go and indulge in some logging. I've got a fresh batch of foot-longs in the freezer!
Someone who has incredible mastery in the sciences of Lolology. Very few lolologists are left, and it is a dangerous field of study. Mostly due to lolitus, a highly contagious illness where people lol so hard they poo their pants repeatedly until they die. Lolology was discovered by Figmund Sreud and later expanded on by famous Lolologist Gregory F. Oppenheimer. Oppenhiemer is credited for being german and discovering the "lol particle".
Stephanie: "so what does phil do?"
Rob: "oh... hes a Lolologist."
Stephanie: "OH WOW A LOLOLOGIST???? I'M GOING TO GIVE HIM ORAL PLEASURE BECAUSE I'M SO IMPRESSED"
Rob: "sigh... i wish i was cool enough to be a Lolologist."
Stephanie: "you're right rob, you're too stupid for that"