Used by illiterate people who type too fast, have cobwebs on their delete key, and smash their head on the keyboard in order to form coherant sentences,
lzolz is much like
lolz, which is a form of
lol, which stands for
laughing out loud.
omgogogmgogoggkso i was lieke tolaltlyl shopoplifitign otday!!1111121 lzozlz omfgmzz i am os ocoll!111