Lolzoid means, someone who laughs a lot, usually in online gaming. To say 'lol' a lot, or to go crazy laughing.
Bob: Nevermind, it has no point.
Rob: LOL! LOLZ ROFL ROTFLOL!
Bob: Sheesh, it's not even that funny. Your a total lolzoid.
Used mainly as an adjective, but may also be used as a verb.
verb. When Danny got slapped by that chick I lolzoided.