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1.
a funnier way to say rather than the general 'lol'
Steff: "Is Dumbledore gay?"

Katie: "I think so. it's probably why he likes Harry so much!"

Steff: "lolbags!!"
by Fia bbz February 09, 2009

Words related to lolbags

lol lolbag bag dirty gay harry potter lol bag old man teabag
 
2.
To be teabagged on an online video game whilst the person or persons teabagging say 'lol'
Oh im gonna teabag him good,

LOLOLOLOLOLOLOL LOLBAG
by Deccy boy March 31, 2008