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A fake, frivolous lawsuit that is so ridiculous or baseless, you can't help but laugh. Often used to refer to the threat of such a lawsuit.
Zephyr tried to file a lolsuit against me just because I said he didn't know how to use a bar of soap.

Lolsquid 

A combination of Liquid and Solid denoting an ambiguous substance between the two.
This gooey gel is a lolsquid
Lolsquid by Double A batteries November 3, 2008
A lawsuit over something so ridiculous that you can't help but laugh at it.
McDonald's got slapped with a LOLsuit when some idiot failed to realize that coffee was hot.
LOLsuit by Daemon Alard August 21, 2008
A fake, frivolous lawsuit that is so ridiculous or baseless, you can't help but laugh. Often used to refer to the threat of such a lawsuit.
Zephyr threatened to file a lolsuit against me for "slander" just because I wrote that he didn't know how to use a bar of soap.
Lolsuit by Baral'heia Stormdancer December 22, 2005

LOLSAITOS 

An exclamation, usually regarding Saito.

An inside joke that no one can get.
"Raijin Z: Brb let me restart openkore.
All: LOLSAITOS"
LOLSAITOS by Shomaye September 5, 2008

LOLSAITOS 

An exclamation, usually regarding Saito.

An inside joke that no one can get.
"Raijin Z: Brb let me restart openkore.
All: LOLSAITOS"
LOLSAITOS by Shomaye September 5, 2008