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Lolergy:

The scalar quantity often represented in units of "lol", that is used to describe a subject's comic value. Several different forms, such as kinetic, potential, thermal, electrical, chemical, nuclear, and mass have been defined to explain all known natural humor sources.

Lolergy may be transformed from one form to another, and it may be created or destroyed. This principle, the liberation of lolergy, was first postulated in the early 21st century, and applies to any system. According to Moyer's theorem, the liberation of lolergy is a consequence of the fact that the laws of humor do change over time.

Although the total lolergy of a system does change with time, its value at any given instance may depend on the frame of reference. For example, a person who slips and falls on a banana peel may conclude a zero lolergy factor, but a bystander may derive infinitely large quantities of potential lolergy.

Lolergy in various contexts:

The concept of lolergy and its transformations is extremely useful in explaining and predicting most natural comic phenomena. The direction of transformations in lolergy (what kind of lolergy is transformed to what other kind) is often described as loltropy(lolergy spread among all available degrees of liberty) considerations, since in practice all lolergy transformations are permitted on any size scale, but certain larger transformations are rare because it is statistically unlikely that lolergy or subjects will randomly move into more concentrated forms or smaller spaces.
Examples of the main forms of lolergy:

Kinetic lolergy: The form of lolergy which keeps u lolling once u start.

Potential lolergy: The form of lolergy which describes the lolergy factor of a subject with no net kinetic lolergy.

Thermal lolergy: The form of lolergy which is created by subjects involving heat.

Electrical lolergy: The form of lolergy which is created by subjects involving electricity.

Chemical lolergy: The form of lolergy which is created by subjects involving chemicals.

Nuclear lolergy: The form of lolergy which is created by subjects involving nuclear radiation.

Mass lolergy: The form of lolergy which is created by subjects involving quantities of mass which are comical.
Lolergy by Scott Moyer August 19, 2007
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1) The climax of one's loling
After an extremely funny joke, Kellee laughed so hard she had an lolrgy
lolrgy by dr. chester June 13, 2011
Related Words

lollergy 

Well, It's another word for laughing out loud just like rofl lol lmao
Person 1: I was walking down the street and i saw someone fall!

Person 2: haha, LOLLERGY!! :D
lollergy by SamSam23 December 25, 2007

lolergasm 

An orgasm of lol's.
Lol = laugh out loud.
Bob: knock knock
Joe: who's there?
Bob: I eat mop
Joe: I eat mop who?
Bob: LOLERGASM!

lolercycle

A LOLERCYCLE is something not as funny as a lolercopter but still pretty damn funny.
My Lolercycle is going...... vroom! Lol! Vroom! Lol!
lolercycle by Bloodrogue March 7, 2007
A state of uncontrollable laughter, taken from the most popular chat slang term Lol (meaning: laughing out loud) with the suffix -ery at the end, to describe what state of mind you are going through. Also used as a synonym for laughs.
Matt: Hey mark, did you see what I wrote on your facebook last night?

Mark: Oh yeah! Haha that put me in a true state of lolery
Lolery by McVicious July 6, 2009
The Energy Of Love. The Feeling One(Or Many) Gets From Having An Abundance Of Love Directed Towards Them.
The Room Was Filled With Lovergy, As Everyone Wished The Woman A Happy 100th Birthday.
Lovergy by Ester Dey December 3, 2011