1.)A word commonly used when describing extreme Awesomeness.
2.) Sometimes used the popular MMORPG World of Warcraft, used when a player overcomes extreme odds.
"There was definatly an aura of Fogoldinlol amongst us."
"That was so Fogoldinlol!"
"I went out with this chic i met at the gym, it was so Fogoldinlol!"