Laughing out loud or on the outside while dying inside. Portmanteau or word blend of 'lol' and 'putrefaction'.
Friend of a friend: "I joined in with everyone in the lecture joking about LAN parties."
Friend of a friend of a friend: "lolefaction?"
Friend of a friend: "Yerp."
Friend of a friend of a friend: "lolefaction?"
Friend of a friend: "Yerp."
by 1amb May 11, 2011