Well, it means "rolling on the floor laughing *something something something something*." Some think it may be "...laughing my f***ing a** f***," but that really makes no sense. People commonly search for this term because they play World of Goo.
An acronym, standing for: Rolling on the Floor Laughing my Fucking Ass Off out Loud. Usually used when something is the highest level of funny.(Usually used in Texting and/or IM'ing.
(IM)
UrbanDictionary321: My ROFL COPTERgoes SOI SOI SOI.