1. An acronym (or acrobat?) denoting: Rolling on the floor, pissing myself, laughing my fucking ass off, out loud.
2. Also, when read phonetically, it means: of, or pertaining to sequential consonants.
Person 1: Did you know that the "t" in "the" is not silent?
Person 2: Go fuck yourself.
Person 1: Or that "myself" is actually one word?
Person 2: Stop using air-quotes, you tool.
Person 1: I believe that sentence needed "air-quotes around "air-quotes."
*Person 2 kills Person 1*
Person 3: Rotfpmlmfaool. He Dead.
The first set of rotfpmlmfaool in the word "object," spells something at which your mother is adept.