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Basically you're 'laughing out loud', but then you remember you dropped your keys or the joke was actually a proposition.
Laugh
Out
Lou-FUCK!
Person A says:
i love you. i want your babies.

Person B says:
lolF
lolf by iwantyourbabies February 28, 2009
Related Words
lolfish lolf lolface lolfest lolfr LOLfactor lolfail LOLFL lolfmao lolframe
"LOLF that was soo funny"
LOLF by Helen (Pinky) February 9, 2008
lolf! by LOLF! February 8, 2009

lolf harris 

This is an expression used in place of 'lol' because saying lol is tacky. It stands for Laugh Out Loud Floor's Hairy Arse Rabbits Riding In Scooters.
Oh my god, he has his shorts on backwards. Lolf harris.
lolf harris by Imminent fate October 14, 2008

lolfactory 

Any thing that produces gratuitous amounts of LOLZ.
1. "GIRUGAMESH IS A LOLFACTORY!!"

2. "Hey Corey, do you know about any lolfactories? I could really use a lol."
lolfactory by lewibrysh April 12, 2009
A title given to anyone who follows a series of movies/books just so they can laugh at it. Usually associated with the Twilight series.
Sara: ZOMG DID YOU SEE TWILIGHT I LOVE EDWARD IT IS THE BEST MOVIE EVER.

Amy: Yeah, I'm totally an LOLfan of Twatlight.

Sara: WHAT DOES THAT MEAN DID YOU SEE THE NEW TRAILER I LOVE EDWARD YAY.
LOLfan by Bean McBeans June 2, 2009