1 definition by Derpecca

Lolzy, adjective: The state of being lively and carefree while you are completely dominating the other team, and at times while drunk or just plain crazy. When you are in such "lolzy" state, you add a hashtag. For example: #lolzy. Though, the hashtag is not pronounced.
Mark: Hey what time is it?
John: IT'S #LOLZY TIME!!!!
Mark: OH YEAH!!
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Josh: You're being #lolzy.
Lucas: I know.
by Derpecca November 9, 2013
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