Another retarded ass variation of lol, kids say it because they think it makes them look cool, when in reality they just want their dad's dick up their ass. It just shows the de-evolution of the human species into a idiotic gay sex orgy that we will all become unless we sterilize most of the world and start over with less faggots and retards.
(v.)- Owning someone with mind games in order to achieve your goals. This usually involves deception and careful planning. In the process you owned someone really badly.
This is a reference from one of the most popular anime ever made, Code Geass. In this anime, the main character is a strategist who manipulated and outmaneuvered his enemies in order to create world peace.
"Dude. When the school administrators called me in on suspicions of cheating, I L.L. the them into investigating this one student I hate, and he got caught. The adminstrators' suspicion about me was also cleared!"
-Shows how someone escapes from danger and brings down his enemy in the process.