The high increase in popularity of the infamous LOL (laughing out loud) was not enough for the teenage, trying to be cool, defying mom and dad, often emo generation. They had to come up with something even cooler and that's how LOLZ was born. Some say that Z stands for S, therefore it's the plural version of LOL. But let's analyze that thought process a bit. The plural of LOL would be translated as "laughing out loudS" or "laughingS out loud" which, for the few of us who are at least trying to be grammatically correct makes as much sense as "z" being used as a replacement for "s".
In this case, the Z could be interpreted as the initial of a completely different word. Possibilities:

1. Laughing out loud ZBANG! - this would indicate that the violent laughter has caused the person to fall and hit the ground, thus creating a loud sound;
2. Laughing out loud ZTUPID - seeing as Z is so often used as a replacement for S, it makes sense. It's also a very positive thing, when you consider that admitting you have a problem is the first step to recovery;
3. Laughing out loud ZENITH - the person doing the laughing has entered a state of astral trance...
A: - I'm a complete idiot, with absolutely 0 knowledge about anything even remotely intelligent
B: - Lolz
by Alinutza March 22, 2008
a slang Tagalog word, shortened form of "ulol", which is a swear word.
In Filipino: "Lolz ka talaga. Pahamak ka lagi."

Translation: "You're such a fucktard. You always screw things up."
by annymar October 16, 2006
a funky way of saying lol (laughing out loud)
person 1:me mam sed she dont notice u nymur nw dt uve died ur air blonde

person2:lolz
by x-beth=x June 09, 2006
1. A more literate way of saying "lol".
2. A way for literates in chatrooms to make fun of illiterates.
illiterate: lol im kooler than u!!

literate: lolz!
by omgfgt. August 27, 2005
The Tightest way of Saying LoL. Adds the person's own expression to this overused statement known as Laugh Out Loud. No one actually "laugs out loud" its just a comment people use to make other peoples jokes seem funny.
You Guys Suck, LoLz ROX.
by Da LoLz MaSTa June 12, 2003
basicly, laughing out loud. the Z is there to indicate lots of laughing (like when somethings is kinda funny and you kinda laugh a bit wait a sec and laugh some more wait a sec and laugh a bit more..)
guy1: Dude it was so grose..he just kept on farting in class! sick huh?

guy2: lolz thats grose
by Emerald April 01, 2005
A tackier and more pointless way of saying Lol. Usually said by teenage girls accompanied with 'omg yeahhh'.
'Omg yeahh i know lolz XxXx'
by Hello_there March 31, 2006
Laugh out loud ZUBALEEZOO!
Nab: Magikal trev0rz
Tigg: LOLZ!
by Tigg November 19, 2005

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