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Conditional Hilarity Syndrome 

Where, if you hate someone, nothing they say will be funny to you, no matter how funny it actually is. Additionally, when you like someone, every little thing they say is funny no matter how stupid it actually is.
James- Hey guys look! (makes unfunny face)
Hilary- Hahaha! James you're so funny!

Hank- Man Hilary must really have Conditional Hilarity Syndrome because that was the least funny thing anyone has ever done on planet earth.

Hilarity Ensues 

From the days of newspaper TV Guides that would write two sentence synopses (loglines) of a television show. Sometimes these summaries wouldn't sound comedic on the surface, so "hilarity ensues" was used to ensure the audience understood it was a premise for a comedy.
Tonight on Seinfeld, George decides the best time to have a snack is during sex. Hilarity ensues.
Hilarity Ensues by flobo November 13, 2010

hilarity 

A hilarious situation. Usually followed by "ensuing".
Man with knife tries to rob bank. Guards have guns. Hilarity ensues
hilarity by ramdac October 22, 2003

Oh the Hilarity 

A statement used like LOL, being 100% overused in most blogTV rooms, especially lovemedeadx3's, you go in there and you will see that flooded like crazy.

Simply means, oh haha, thats funny.

The damn girl on the camera says it yet doesn't crack a smile. So basically means, lol, which is a filler word for "i dont really give a shit but hah okay."
Person1: Hey I took a dump on the teachers desk in 3rd hour as she taught the class.

Person2: Oh the hilarity.

oh the hilarity 

the phrase of april fools 2010
means the same as "lol" but at a whole cooler level

abbr.: oth
-OMG i tripped on a crack
-OH THE HILARITY
oh the hilarity by FUX PRO April 1, 2010

Oh the hilarity 

Originally used as a blogTV.com April Fool's prank when the company replaced the overused acronym, LOL, with the line "Oh the hilarity". The line caught the attention of the chatters and is now commonly used as a variation of lol, rofl, lmao, etc.
Chatters: "Why does everyone keep saying 'Oh the hilarity'?"
blogTV: "Oh the hilarity, you people are so naive..."
Oh the hilarity by Shira79 April 1, 2010