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Popular net-centric abbreviation, generally used as an exclamation in poker message board to declare another poster's retardedness or laughable naïvety.

The first part originated from 'Laughing out loud', but is recently defined more commonly as 'Laffing out laut', as popularized by the Dutch crime journalist Peter R. de Vries. The second part 'BAP' refers to the term 'Buy A Piece', used in poker communities as a way to describe the act of buying and selling percentages of one player's buy-in for poker events. This BAP is often misused by fishcakes to minimize parts of their hamburger-buy-in losses, hence the retardedness.
Bigindiemen: "Ship! I think that triple screwdriver bicycle kick by Luis Suarez in the 93rd minute against AC Milan was the best goal I've ever seen!"
el-diego: "OMG nice level inbreed. I see those goals every week in my amateur league."
Guiro86: "LOL_BAP"
LOL_BAP by LaffingOutLaut September 22, 2010
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When you laugh out loud at your own joke.
OMFG I totally just LOLbated.
LOLbated by mtPoopsAlot April 26, 2017
Related Words
what is written on someones profile when they are banned from a forum.
Person 1: I hear Brunton got banned from the forum for being a pedo.

Person 2: Lolbant
Lolbant by The 2.0 December 15, 2008
Laughing so hard you shit your guts out
It was so funny I lolapsed my kidneys
lolapse by Rudi51 March 19, 2008

lollapolluted 

The physical condition following a weekend of partying at Lollapalooza that is often characterized by ringing ears, headache, nausea, gut rot, sunstroke, broken sunglasses and missing underpants.
Dude 1: "Dude! I hear you were at Lollapalooza this weekend! How was it?!?"
Dude 2: "It was a blast... that is, what I can remember of it. I've got the worst hangover, dude. I'm lollapolluted."
lollapolluted by cfbaines August 9, 2010

lolpaper 

computer desktop wallpaper which induces lulz
I typically apply lolpaper to Matthew's computer when he leaves it unattended.
lolpaper by bleeblaow April 15, 2008

lolballz 

Balls that are loled, or the state of having one's balls loled after a funny joke.
OMG! LOLBALLZ!!! *falls onto the floor laughing*
lolballz by «F»Voyager September 15, 2009