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1.
A combination of lol and fgt . Normaly used in response to an amusing remark with homosexual tones, but can also be used to show amusement in regards to how much of a faggot a person is.

A variation of lol fag
Prima: I ate a lot of sausages on yesterday's barbecue.
Secunda: lolfgt;

Prima: OMG the new crossdressing thread on 7chan is absolutely amasing.
Secunda: lolfgt.
by Radalus January 11, 2012
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