Top Definition
One who casts forth lulz;
instrument of/or guitarist who fails so epically that one cannot help but laugh. (combination of lol and -caster, suffix to many Fender guitars)

unbelievably ugly guitar
Damn Rick stop being an lolocaster! I just pissed my pants!

That kid screwing up Smoke on the Water defenitely is using an lolocaster.

Man, check out that lolocaster! It's got Hello Kitty on it!
by Mad Bomber March 16, 2008

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