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encyclopedia dramatica loves the word so it can't possibly be good. Don't worry it's not. It's something overweight basement dwelling losers (read Encyclopedia dramatica writers and fans) use to justify everything they do.
rational thinker: hey what did you do over the weekend.

Encyclopedia Dramatica user: spent hours downloading gay porn to put on Encylopedia Dramatica.

Rational thinker: Oh that's pretty weird man, No wonder you live in your moms basement.

Encyclopedia Dramatica user: No I did it for the "Lulz"
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onomatopoeic transliteration of sound made while simultaneously laughing and trying to say, "lols", i.e "lol" pluralized, w/ the ever ubiquitous z for s spelling,
A: OMG MF U just pwned that noob!
B: lulz hahah oh teh lulz!
lulz by tehdefiner May 1, 2014
Related Words
-Verb

1. A variation of "lol", used by people trying to be cool.

2. A super lame word used by asian girls such as Erica Kim and/or Cindy Nugyen
Justin is so uncool lulz
LULZ by justincredible9292 May 1, 2011
The ultimate currency. Exchange rates vary with time.

The origin of this usage is as follows:
For thieves the ultimate reason of action is loot. The ultimate loot is currency. The ultimate currency is lulz.
"For this epic battle axe, 30 lulz or 680 gold.'

"I did it for the lulz!"

"We got big lulz from that raid last night."
lulz by _tlf_ January 3, 2009
A CORRUPTION OF LOL
A CORRUPTION OF LOL
A CORRUPTION OF LOL
lulz
lulz by pseudo-intellectual August 6, 2008
Lulz is practically the same as lolz(the plural of lol(laughing out laud), just...
Well that is in the stars... even God doesn't know.

Lol -> lul; lols -> luls; lolz -> lulz.
Prs no1:And then he said, go home.
Prs no2:Lulz!
lulz by Ian Storms January 26, 2006