A combination of "lol" and "!!". It's used to express
laughter and
excitement at the same time. Also can be
used just as an emphasized "lol".
"Dude, my night class is canceled because my professor got a
nasty hangover from a student
party he went to the other night, so now I can come out tonight!"
"!o!, that is awesome
man!"
or
"Ahh, my mom canceled my xbox live account!!!"
"!o!, sucks to be you!"
