A derivative of the ubiquitous "lol", used when you want to convey a VERY LARGE LOL, or alternatively, MANY LOLS.
olivia: not many people are attending, and the fewer people that go, the larger the split tab will be.
tim: LOLOL.....LOL-monster...is there a word like that?
olivia: ...i think the word you seek is LOLASAUR.
Greater than LOL, ROFL, LMAO, LMFAO and ROFFLES, Lolosaurus is perhaps the greatest e-way of saying "I find that funny and would wish to say so in a gradiose fashion" however if it were to ever be translated into a laugh it would kill the laugher.