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2.
A person who constantly dribbles copious amounts of crap containing at least some degree of hilarity. It is has been hypothesised that said "asslols" subsist on a strict diet of both sausage lols and casserlol. It has also been surmised that as children they played mainly with lollerskates and barbie lols.
Asslol: My friend drowned in a bowl of muesli the other day...

Person: OMG really? That is so sad and unfortunate...

Asslol: Yeah... A strong currant pulled him in.

Person: Dude you are such a fucking asslol.
by Shazz058 September 25, 2008
 
1.
That person who keeps sending you LOLcat pictures while you're trying to get work done.
"I've got to get this spreadsheet done but I can't because that asslol keeps sending me LOLcats every five minutes!"
by SiftinJeff April 22, 2009