To laugh in an uncontrollable manner.
Fred: I locked my keys in my car, and it was 100 degrees outside.

Jim: lol.

Fred: All 10 tubs of ice cream that were in my trunk exploded and went everywhere, and now my car is mouldy and smells like sour milk.

Jim: lololololololol
by Synt4x September 11, 2007
Extended use of lol. "laughing out loud out loud out loud out loud out loud out loud out loud."
Guy 1: I think i ate a bug.
Guy 2: lololololololol... Quiet mortal!
by Tannen September 09, 2007
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