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4.
A synonym of "LOL" (laugh-out-loud) that funny to the extent that the Holocaust was terrible.

So, in effect, terribly funny. You can't stop laughing, it hurts.

Over MSN messenger or AIM:
"*insert joke*"
"lolacaust"
by asteroid smashington April 19, 2009
18 14
 
1.
It's so funny it's a veritable lolacaust. Like, Hitler killed thousands of people because of this joke. This is the best joke ever.
Oh my fucking god, that's the funniest thing I've ever heard! It's a lolacaust!
by Raventhon January 15, 2004
161 82
 
2.
A lolacaust is the laugh after a joke that is REALLY bad/sick/insulting/harsh but funny. Like dead baby jokes and floppy massacres and things.
If a woman attacks you, kick her in the womb and hopes shes pregnant. LOLacaust!

what happens to a baby in a microwave?
i dont know, i was too busy wanking.

LOLacaust!
by Darn Gosh Cunt December 05, 2007
58 22
 
3.
The laugh that killed 6 million jews
Man: ... so i said to the waitor, get me out of this wet clothes and into a dry martini!
Jews: *flop*
Man: OH NO! all 6 million of my jewish friends just died! The lolacaust has started!
by choobang October 05, 2007
63 38
 
5.
The period in time when millions of lol's were brutily murderd by litler
a lolacaust is when millions of lol's were killed by litler ive just said
by Rob Bill March 03, 2009
16 20