Lols that are very funny, as in not just a normal chat "lol" but lols that make you go lol.
Hey martha, you coming out for funny lols tonight?
Ellie, make sure you funny lol me later.
adventures and mishaps that take place, usually on student nights out with a large number of people. often involves gossip such as between members of a friendship group getting off drunkenly. Also the aftermath of a messy night out
Ellie: last night was major funny lols