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1.
loil means laughing out insanely loud
(instant messaging)
Joe: dude i just shit myself
Bob: loil!!!!
by {HR}Cloud October 16, 2006
 
2.
A spelling typo for LOL. Means trying to do a hardcore research paper or something, yet loitering on facebook or something so it would be.. LOIL.
Spencer was pretending to be focused, yet he was in LOIL.
by Autobotikk September 28, 2011
 
3.
A term used to show that you are laughing. Is better than LOL because LOILS is more funny, therefor the joke you are LOILING about is funnier.
I wanna throw up with the smell of hotdogs in this place.
LOILS.
by weezylovesthepackersfyi February 03, 2011