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1.
laughable; inciting outward laughter
Michael Moore proves time and again that money can be made off truly lulzy events.
by Paul562 October 07, 2007
 
2.
Something that is worthy of laughter/being laughed at.
That joke was so lulzy.

Her haircut is fucking lulzy.
by JayWalker256 July 19, 2009
 
3.
1.(a) Being or have content which includes lulz.

HAHAHA That's lulzy!!
by zzeazz May 10, 2008
 
4.
Rarely heard outside of a few people, "lulzies" is a more whimsical way of loling. If audible, one would hear "teehee"
Sarah: "Oh my god I love unicorns! I can haz unic0rnz?!?"
Brooke: "lulzies, you're so funny!"
by BassMZero September 28, 2010