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LOLv stands for "Lots of Love"
It is differentiated from the common lol (laugh out loud) with a small "v" behind the capitalized LOL
LOLv is used to show "Lots of Love" for lol situations, friends and is commonly used as a yearbook closing line.
Ashley: "Lauren peed her pants!"
Lauren: "hey!"
Kat: "...LOLv though"
by ACKP January 07, 2010