Some thing so funny that is beyond the
point of just laughing at. It is so funny that you get an
orgasmic like feeling while you are laughing.
1. Shit, that was so funny that i
just loolgasmed in my
pants.
2. When
online:
Friend: I just had sex with my grand mother in the backseat of her 98' ford explorer.
You: Loolgasm
Friend: I'm serious