an online acronym for laughing quite loudly; a sophisticated and classy alternative to the cliche and utterly simplistic "lol"
mr. mustache: i went to the supermarket to get some meat for my hamburgers! LOL!
mr. sideburn: yes, hefty grub that would satisfy the baser appetite.
mr. mustache: what about you dudee?
mr. sideburn: i prefer the nuanced flavors in my filet mignon. LQL