Instant Messaging shorthand for "literally laughing out loud". Not to be used lightly, this is only for when you truly blurt out a laugh while IM'ing.
Matty: Why the hell did they kick the bartender with the nice rack off "Survivor" last night? What the hell?!
Jonny: I know, lame.
Matty: It's the saddest I've been all year.
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