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Definitions by Pantaloon

Originally found in Sumerian Tax Logs to define overdue fees (Late on Lamp Oil, some experts believe), this phrase has evolved through time. Shakespeare shunned the abbreviation, finding it impossible to rhyme with. Thoreau punched Jim Bowie in a local tavern for carving it on the table with his special knife, but Lincoln ad-libbed it in the original Gettysburg address during an uncomfortable moment in the Monologue. It meant "Laughing On Line" during the internet craze of the late 20th century, but now has been reduced to a response to the dull person you are texting to out of politeness rather than the one you are actually engaged in a conversation with, if you can call it that.
Sumerian Tax Log: Entry-2 dribs of Lamp Oil, payment 2days past due- LOL (usually required lopping off of something).
Shakespeare's feeble attempt; Mehears the lady LOL, mehopes not at mine nether hole.
Lincoln:Four score and seven years ago our fathers brought forth on this continent, a new nation, conceived in Liberty, and dedicated to the proposition that all men are created equal.(uncomfortable shifting in crowd of living-dead did not shift hopefully)LOL, I meant equal as in, ya know, separate but equal, ya know, LOL, wait till you see my new bathroom signs. (Crowd relaxes) Ok, did I mention there's a new dee-luxe horse and buggy in the lot for y'all who came out today?(big whoop from crowd).
Justin text:RU still there?
Kimberly:LOL
lol by Pantaloon January 12, 2008

Wal-Mart 

Verb found in alien cookbook to serve man- cause of rising stock prices, sedation and weight gain of local population in US and China, and utter destruction of all critical thinking.
1)Wal-Mart for twenty years or until meat is about to fall off the bone.
2)We were going to repair the washing machine but figured why not Wal-Mart it.
Wal-Mart by Pantaloon January 12, 2008