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Meaning "What?", but usually said to mean comedic indifference to whatever was said. Also, if you don't care what was being said. Useful if you are in a place you shouldn't be.

Prounounced as "lawl wut", with no pause between words.
Person 1: Get out before I call the police
Person 2: lolwut?
lolwut by -Tacgnol- December 28, 2008

lolwut!? 

Term used in forums (generally gaming forums) to reply in one word to a post that either is far off topic, makes no sense at all, or is just plain stupid. The side effect of this is that the thread remains off-topic.
Poster-A
OP (post 1): Hi, I was wondering how many times can I cast a spell before I need to build my mana back up?

Poster-B
Post 2: my balls hurt, noob.

Poster-C
Post 3: lolwut!?

Poster-A
Post 4: I hate you people! Whhaaaaaaa...
lolwut!? by Wickedsick Smitty March 30, 2009
when someone is so confused in a situation they find it funny.
*boy girl talking on facebook

boy - hey
girl - i like you
girl - NO I DONT
girl - YES YOU DO!
boy - lolwut?
lolwut? by 12 inch October 30, 2010
Meaning: "What?" in a more comedic way.
The term could be used in several different ways.
Such as when you don't understand something or when somebody says something extremely random.
Person 1: I had a seizure yesterday.
Person 2: lolwut?
What? as in:
lolwut by person 2 June 17, 2004

QUEEN OF LOLWUT 

QUEEN OF LOLWUT (n.) - The ruler of all trolls, questionable threads, and CB reg.

QUEEN OF LOLWUT (v.) - The act of trolling, creating a questionable thread, or CB regging.
Ex. QUEEN OF LOLWUT is so great that you cannot use any lowercase letters when spelling her name.
Ex. Look at that guy, he's doing the QUEEN OF LOLWUT.
QUEEN OF LOLWUT by natashasha April 8, 2011