The term has aged poorly, comparable to the way MLG has. Trolling (because no one could have known this!) used to refer to intelligent toying with others to incite rage. However, creativity has waned and now the word is known by basically anyone with an internet connection. Monkey see, monkey do.
This has been a public service announcement.
XXPWNFAICTROLLOLOLOXX: lol newfag
An outrageous insult directed towards someone who is grotesquely ugly. In more specific circumstances, this has been known to have been shouted towards someone who is in a wheelchair (either for permanent disablilty reasons or even just temporary injury).
Generally can be used as a derogative word!
2)"Who? you mean that spazzy Trolly thing, sitting over there
2. Creates annoying noises in her head, such as lacrosse balls bouncing, and proceeds to follow up on it for 2 and a half hours relentlessly keeping all male occupants above her awake.