1. expression of amusement from a screwed up typo of "lol"
Sally: Sean threw up all over the hallway today.
When a joke is so great it gets stuck in your head and you tell it to all your friends, you have caught "lolio," which then spreads to all the others who have herd said joke. Then your school/office has a pandemic know as lolio.
1)Dude, Chuck Norris doesn't read, he just stares at the book until it tells him what he wants to hear.
2) I NEED to tell that to all my friends. I think I just caught lolio.