This term is used when describing the act of laughing out loud at someone who has just "failed", or done something or said something wrong that merits laughter. The word is a combination of the word "fail
" and the internet term "lol
" that stands for "laughing out loud". The word is pronounced fail-oh-el. However, this word is not to be used in spoken conversation, it is only appropriate when typed out in some kind of internet message.