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IAAL is short for the term "It's all about love".

It can be used in all situations referring to love. Mainly purposed for the feel that goes around at Electronic Music Festivals and Raves. Where everyone attending is in love with everything around them.

Also can be used to describe a person such as a Modern Day Hippy.
Sentence Examples:

Why are you arguing? IAAL man.

Treat everyone nicely, IAAL.

IAAL.
IAAL by RiseOverRun February 14, 2012
Related Words
stands for "I Am Actually Laughing"

to replace the overused lol

only to be used when you are actually laughing
Emma: This spastic came in the co-op today
Will: iaal
iaal by Williham March 16, 2005
An abbreviation for the phrase: 'I am actually laughing'.
iaal by Jammie4000 October 27, 2009
I Am Actually Laughing. A strict acronym only to be used when actually laughing out loud, unlike lol.
xXsk8RpunkXx: It drives me crazy how ppl use lol so much
Jon: iaal!
IAAL by Uno Owl December 14, 2008
It means to actually be laughing or laughing your ass of instead of just saying lol or lmao, it is pronounced ale
That was funny af Iaal
Iaal by BigDikJohn June 16, 2019
"I am actually laughing out loud"

Only to be used in the actual event.....unlike the complete over use of lol, which is now pronounced as a word which is treason.
John: What were you up to tonight?
Peter: I was touching your 8 year old brother while you slept
John: IAALOL
IAALOL by k1ngie August 26, 2013