Definitions by Mayo Master

lolol 

Means Lezbian on Lezbian on Lezbian also known as threesome lezbians. Add extra "ol"s as you add partners

Dude 1: Those 3 chicks are going out.
Dude 2: LOLOL
Dude 3: No those 3 chicks are meeting up with a fourth chick!
Dude 2:LOLOLOL

lolol by Mayo Master April 2, 2008

LOL 

Usually means "Laugh out loud" but has been misinterpreted to mean "Lots of laughs" and in eastern Pennsylvania "Lezbien on Lezbien". Add extra "ol"s if multiple partners are involved. 3=LOLOL.

Dude 1 "Those two girls are going out."
Dude 2 "LOL!"

LOL by Mayo Master April 1, 2008