a word used when you laugh so hard you get lightheaded and you start to feel like you're gliding...like on roller skates =D
*random person says random hilarious joke*
person: lollerskates! XDDD
by smarticle, yo. March 14, 2009
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A skate designed by the notorious lol inc. Few pictures of the skate have been released, most likely because only two prototypes of the skate are believed to exist. There had been an auction for one such Lollerskate on E-bay several months back. Both the seller and the bidder of this Lollerskate was unable to be tracked. The latest rumor has it that the Lollerskate has been sold to the government in an attempt to provide U.S. troops with cheap, comfortable, and efficient transportation, but I doubt that we'll ever know the truth. As to what a Lollerskate actually can do is also a mystery, although Jeffrey Lamaou certainly has an idea as to the properties of the Lollerskate as made apparent by his May, 2004 statement, "The Lollerskate will soon see mass-marketing and production by the year 2023, and it will go hand in hand with flying cars." With the limited documentation that's available to the public regarding the Lollerskate, the only concrete information is that it will be released with the price tag of $100-250 dollars per pair. With such an unimaginably low price for such a woundrous product, I for one am eager to ascertain its details. More as it develops.
Yeh fo' sho nigga, dat cadillac makes 1 hella ride but it ain't no fuckin' lollerskate ya know wut im sayin'?
by wtf October 19, 2004
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When one gets an immense amount of lag in WoW and trys to loot a monster, then slides around on his knees without any movement animation.
Wow! Check it out, the horrible lag has made me lollerskate for the 4th time in a minute.
by Insomne February 27, 2005
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A device similar to roller skates worn by ASCII stick figures to depict someone's total idiocity.
Someone tripped over <name>'s lollerskates while joining the chat.
by [GUNr]RocketGib July 4, 2006
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the most efficient form of transLOLtation
Guy #1: Oh shit, I'm late to class!

Guy #2: No problem, brah! Just strap on your lollerskates! Lololol
by George Lolshington October 4, 2011
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One of them niggas that be running around the bend sippin on 40's like the old days.
A yo I just seen that bitch ass lollerskate down this way.
by Jordan January 18, 2004
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