A mixture of the Acronym 'LOL' and the dark lord's name... Voldemort! Used to express amusement in a geeky Harry Potter way.Expect high usage around the release of Deathly Hallows part 1 and 2, especially when voldy himself dies.
Florence- isn't it funny when you replace the word 'wand' with 'willy' in Harry Potter books? 'I've got an unbeatable willy, come and have a go if you think you're hard enough'
this is the INCORRECT way of pronouncing the popular and overused "word": lol. the real way is lawl, because lole just sounds weird.
x0XStupidGril987: 0mFg uR sOoOo FuNni1!1!
CoolStud: ok, cool. lets get together tonight.
x0XStupidGril987: lole ok!
CoolStud: um, you know what? nevermind, i dont date girls that say "lole" i only date girls that pronounce it as "lawl" because that is the correct pronunciation.
x0XStupidGril987: w3lL wHaTeVeRr..
CoolStud: and i dont date girls that cant spell their screennames correctly.
x0XStupidGril987: WeLl, pSh
Lolernet comes from the combonation of the two words in the phrase, "lol internet." It is now a website with an imageboard, IRC network, and the occasional news story.