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1.
All the fun of lolipops without the i. Pronounced LAWL-POP. Its like a lolipop of lols. :)
joke "why do cows wear bells?" Why? "because their horns don't work." response - "LOLPOP"
by Ty Moss February 14, 2009
 
2.
An expression of laughter used mostly by cute people.
From the word 'lol'; should not to be confused with 'lollipops'.
M: I totally can't wait for that new programming book to come out!
K: lolpops, you nerd!
M: ...mmm...lollipops...
by Flatland_Kid November 24, 2010