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1.
A loser who is awesome. In relation, someone who is awesome doing something loser-ish.
Hanna and Abby are so LAWESOME!!!!
by Abby16 October 16, 2011
 
2.
Refers to a person, event, or other thing so awesome it has become a law about how awesome it is.
That girl is so great, she is lawesome.
by kwyjibo62 May 14, 2011