1. An adjective used to describe bullshit that makes you laugh due to the level of inaccuracy and falseness
2. An adjective used to describe someone who frequently lies and makes false statements
to the point it entertains anyone
listening.
3. The
objective of the board game "Malarky"
Eric: Dude, I fucked
that chick all night long.
Gabe: LOL, that's liarious!
-------------------------------
Phil: I am so much sexier,
smarter and cooler than you.
Peter: OMG, you are one liarious dude.