More dramatic version of "Lol" often used when someones insult fails incredibly. Also used multiple times for more effect.
olololol joo suck n00b
A combination of Oh and Lol
As in someone realising something and then finding it amusing.
Person 1: I'd like to go to Penisland
Person 2: WTF?
Person 1: Olol, I meant Pen Island.
A humorous mispelling of "LOL" - usually used as a parody of internet Forum users who can't type properly and/or make no sense.
In this respect it is similar to "teh", a humorous mispelling of "the" used for similar purposes.
"hey did u hear the PS3 is goingto cost $700? Im not paying that lol"
"SONY IS TEH DOOMED OLOL!!1"
O.L.O.L. means outrageously laughing out loud. Used when something is so funny you laugh so loud it sounds stupid or annoys people; or used to desrcibe when someone is laughing so uneccessarily loud you just want to hit them.
Adam Sandler & Jack Nickolson in the movie Anger Management: I feel pretty! Oh so pretty. I feel pretty and witty and gaaayyyy!
Person watching the movie: OLOL