to laugh at someone's failure, a combination of the acronym LOL (Laugh Out Loud) and fail, which is often used in forums (epic fail). In essence, its showing that you think that someones failure is humorous. They may decide to punch you.
"Dude, I found out that my girlfriend is pregnant!"
-"lolfail"
<punch>
by Chuck Belt March 10, 2008
When a person has nothing better to say on msn or through text messaging so ends up repetitively using the world "LOL".
Suzy says:
HAHA
Josh says:
LOL
Suzy says:
hehe
Josh says:
LOL
lol
damn... LOL Fail
by Jimmy980 January 24, 2010

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