"Lolz" has two meanings. the first meaning is another way of saying "lol"

but the second meaning is the mostly used abbreviation which is "loving orange Latino zebras"
Example one

Guy: ow I just stood on Lego!!!
Guy 2: lolz u idiot

Example two
Guy: lolz
Guy 2: who dosnt?
by obsideonandroid April 25, 2013

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LOLZ is "Laugh Out Loud (with sarcasm)"
I don't know why I have an umbrella in my hand, lolz
by zanzabar13 January 15, 2012

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LAUGH OUT LOUD ZILLIONS

Laughing out loud zillions of times like a moron. Skinny, tall, white males in their early twenties do this. They tend to post "LOLZ" on other people's Facebook walls while interrupting a conversation between other people and pretend they patented the phrase. Really, the term "LOLZ" is just another way of saying they are lacking down below. LOLZ
Fred: I saw a funny commercial the other day, it made me laugh.
Juan: Was that the one with the big dog?
Fred: Yea, that was it!
Andrew: LOLZ! Hey guys, can I be included in this conversation?
by ANDYLAMA December 10, 2010

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When someone laughs out loud, then instantly falls asleep, usually a narcoleptic. If they choose to fall aslep, it written lolzzzzzzzzzzzzzzzzzz.

The instant desire to fall asleep after something humourus has occured.
Wow, that was so funny, it made me drowsy, lolzzzzzzzz.
by Eder's February 29, 2008

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to laugh out loud zebra style.
i just lolzs!
by duh bomb July 08, 2010

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(verb) A double slang term of lol, however adding some emphasis on it, lolz is actually a sign that instead of lazily typing lol that the person genuinely finds your comment funny.

An Internet Slang root; lol
Random1: i hate that new kid he is such an ass-wipe
Random2: i kno hes such an ass wipe that even toilet paper has him hanging on the wall
Random1: lolz
by Kamikaze Watermelon October 09, 2008

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laugh out loud zion style
hahahahaha lolzs! thats halarios!
by Sage and Renee June 10, 2008

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