Basically "Laugh Out Loud" abbreviated but the first and last letters are capitalized for aesthetics. Not to be confused with "League of Legends" which is also intentionally capitalized as such.
A: Watch this video
B: LoL it's funny
A: Why League of Legends it sucks
B: I'm laughing out loud, not League of Legends
B: LoL it's funny
A: Why League of Legends it sucks
B: I'm laughing out loud, not League of Legends
by Angerian May 4, 2021
Get the LoLmug. 
Before mean't , Lots Of Laughture or Laughing Out Loud
But now its mean Lack Of Laughture because no one actually laughts when they use it.
But now its mean Lack Of Laughture because no one actually laughts when they use it.
by ROFLANATOR November 26, 2009
Get the LOLmug. LOL - lAUgh OuT Loud
XD - An eXprESSion ThAt MEAns thAT YOur laUGHIng
LOL XD - yOu PUt tHE tWo togeTHER
XD - An eXprESSion ThAt MEAns thAT YOur laUGHIng
LOL XD - yOu PUt tHE tWo togeTHER
by OnionManthe EPIC GAMER August 30, 2021
Get the LOL XDmug. by asdfgyujm, February 25, 2017
Get the Lolmug. Used in electronic communications to indicate that something is funny or humorous.
Normally added on to the end of a sentence.
That was a great joke! lol!
Normally added on to the end of a sentence.
That was a great joke! lol!
by Andrew70 April 28, 2021
Get the LOLmug. 