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2.
Binary (sic) version of LOL. Indicates laughter.
When I saw all the jars of peanuts in his cupboard, I was like "10101012"!
by James J.Jameson January 29, 2004
5 14
 
1.
Taken from "LOL" which sometimes looks like "101", then, add computer geek humor by saying "101 101 101". Made funnier by then slamming the geek by adding a "2" at the end (not permitted in binary).
Those geeks really clobbered the product this last revision. 10101012!
by Mattsageek January 30, 2004
11 11