Branched from the Term GIP to encourage that someone should get something studied!
The advice one gives to one's friends if they have noticed that their friend is too lazy to commence in school work...
Person 2: GIS!
When you aren't actually LOLing you can GIS. Some people think that when you write LOL you have to actually be laughing out loud. They might call you out on this. If you know someone like that, use this acronym instead, it's safer.
Person 2: GIS