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1.
Verb.

Derived from the term lmao.
Person1: OMFAG EL OH EL I AM ROFFLING SOO MUCH RIGHT NOW !!1
Person2: Watafa? Stuff you.
Person1: Roffle roffle! Lamayo!
by Jerk The Mom December 02, 2003
 
2.
When "lmao" is said it is pronounced lamayo. Often used in part of the youths language when something is funny.
*Friend falls over in the snow*

U say: Lamayo, that was funny

OR

*remembers a memory*

U say: That was a lamayo.
by toddywoddy January 24, 2007