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1.
A Ridiculously long acronym, similar to laugh/laughing out loud. See lol

Laughing Out Loud In The Presence of other People In My Surroundings.
screenname1: knock knock
screenname2: who's there?
screenname1: who
screenname2: who, who?
screenname1: who cares!
screenname2: LOLITPOOPIMS
by Caoticpsycho July 04, 2009