by dimitri2413 April 14, 2011
Actually two words made into one compound word, it is basically saying "lol, fag". Usually meaning "Lol, you're a fag" or "Lol what a fag".
Tom: I can't beat level three :(
John: Lolfag
or
Tom: Some guy slapped my butt in the locker room O_o
John: Lolfag
John: Lolfag
or
Tom: Some guy slapped my butt in the locker room O_o
John: Lolfag
by Saru November 6, 2007
lolfag stands for "lots of love for all gays". It's a friendly term to show how un-homophobic you are. It's mostly used when someone says something gay to show that you aren't judging them.
by shawabawa October 6, 2010
by LittleTeaPot July 19, 2007
by hivoltage June 13, 2008
John: Hey Eddie!
Eddie: Have you been to the restaurant?
John: Yeahh!!! (searches it on wikipedia)
Eddie: Really? Whats your favorite thing to eat?
John: uhh uhh... (nervously rifts through wikipedia) uhh uhh pocky sticks!
Eddie: lolfag
Eddie: Have you been to the restaurant?
John: Yeahh!!! (searches it on wikipedia)
Eddie: Really? Whats your favorite thing to eat?
John: uhh uhh... (nervously rifts through wikipedia) uhh uhh pocky sticks!
Eddie: lolfag
by ninjayellowred July 11, 2008
by hivoltage June 13, 2008