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Loser or nerd in an upbeat, friendly fashion. An amicable term commonly used among friends to describe a person who undertakes an act of lameness.
1) Josh: The levels of dihydrogen monoxide in our drinking water have recently reached alarming levels.

Noah: Oh Josh, you're such a loserfish (endearing tone).

2) Noah: Hey Josh, its Friday night, do you want to come out with me and paint the town red along with some chicks we shall meet at the bar?

Josh: Nah, I don't feel like, I think I'll just stay home and read my new Encyclopedia of Nietzsche.

Noah: Oh Josh, you're such a loserfish (endearing tone).

lollerpiss 

the need to urinate after too much lol'ing
zomg i need to lollerpiss, brb
lollerpiss by lollerfishy March 25, 2009

LollerDisko 

An imaginary place where noobs are found jamming to their favorite mp3s on LOLLerskates.
<guy> Hahaha, you should join those n00bs at the lollerdisko and stfu.
LollerDisko by [GUNr]RocketGib August 17, 2006

lollerism 

A disorder characterized by the excessive use of "lol." leading to physical and psychological harm and impaired social and vocational functioning.
bob: hey joe lol
joe: lol hey bob
bob: hey do you want to go lolerskating? lol
joe: ummmm lol, i think id rather go to the lollerpark and go on the lollercoasters lol.
bob: lol yeah lets see if we can get some people to go lol
joe: lol i called everybody already but nobody picked up lol
bob: lol, yeah i haven't spoken to anyone since we started haning out lol.
joe: yeah thats strange lol.

If you are suffering from lollerism please check out Super Robot

see lollerholic
lollerism by Kevin Bell March 24, 2007

lollerbis 

Cannabis that's 1337
I heard he just got some lollerbis, but dont tell jay.
lollerbis by J. "Moneybags" Dunn December 24, 2005
Why do you have to be such a loserfish all the time (blub blub)?
Loserfish by Shelly Stewart July 24, 2008