Laughing Your Ass Off, as opposed to (LMAO) Laughing My Ass Off.
Usually used in a question to determine if the other party considers the discussable information funny aswell.
Mark: Lol i shot a rocket got sniped and respawned right in front of my own rocket and got killed by myself
Jennace: Lex, Karl, LYAO?
Lex: Yeah.. well, ROFL actually
Karl: Why the hell would you ask people if they're lmao'ing?
Jennace: Oh sry
- - - - - - - - - -
Player73: HA Pwned!!1 I just used the god cheat and killed xCTxDextroYx, LYAO all?
Neal: no, asshole
xCTxDextroYx: i efin h8 cheeters! kthxbye!
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