A word created by LordFeaR which quickly spread as the new internet acronym of choice for his minions.

So, its like this, when your happy you could say hi to somebody by saying LOLSUP, which does not mean "laughing out loud whats up," its just LOLSUP!
SomeDudeOnAOL: LOLSUP?
SomeOtherDudeOnAOL: Hey duder, not much. U?
by SD January 24, 2005
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