Internal laugh out loud. The laugh out loud you do when you don't actually laugh out loud. In reality this accounts for 99.99999% of actual lols. Often misunderstood by Apple fanboys to be related to Apple simply because of the i prefix. This misunderstanding in itself causes an ilol.
That cat video made me ilol. (Meaning I watched the cat video and thought it was mildly amusing but I made no physical sound, although I may have smiled.)
The illusion of being highly intelligent, often displayed in a classroom environment by continuing to speak out on a subject in which one has no actual knowledge.
Due to being so Illougent, Tyrone continued talking to the professor about advanced psychology as though an 18 year old might know anything on the subject other then from watching the Doctor Phil show on TV. His Illougence was preventing the class lessons from proceeding.
A phrase used when an online conversation is sufficiently funny to make one laugh in real life. The phrase structure consists of two common terms, lol and irl, and amalgamates them together.
Person 1: "Hey dude, Hank's mother is so fat, when she dresses in yellow, people shout taxi!"
An offshoot of the popular "lol" acronym, ILOLAW stands for "inappropriately laughing out loud at work." It is used to describe situations where something done, said, or witnessed causes you to laugh out loud so intensely while at your place of occupation that others take notice. Reactions from coworkers or bosses to an ILOLAW can be positive or negative.
The first "L" in ILOLAW can also mean "laughs," "laughed," or "laugh" depending on how ILOLAW is used in a sentence.
Next time we're GChatting at work, don't forward me your new favorite hysterical Youtube video...they always make me ILOLAW, and my boss says he'll fire me next time it happens.