look up any word, like tribbing:
 
1.
A word that describes how things are when you're laughing. Almost like giggles, but it sounds cooler because its like laugh, which makes people talk about laughing. But laughy is like the past tense or.. present tense. Giggles
I'm so tired, i cant stop laughing. Im pretty laughy right now.
by gigglemonster December 24, 2007
 
2.
Pronounced: /la.fee/
To describe something laughable or humorous.
That was laughy.
That's some laughy shit.
by tehlostghoat October 21, 2011
 
3.
N. a joke or other humorous comment.
Get it? It was a laughy!
by Jocelyn_Harvard_Student June 13, 2008