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Chat lingo for Laugh My Fuck Off. Let's chatters use there imagination when chatting, instead of having a direct meaning like LMFAO, for each person a fuck could be something else.
e.x:

chatter1- did see what that guy did in the pizza place?
chatter2- ya! i was like LMFO
LMFO by hellothere242 January 9, 2010
Related Words
Used to bring all attention to an "orange".

Stands for "Look My Fucking Orange!"

Girl: Ya ikr

Boy: Ya
Random Dude: LMFO
Girl: Ya ikr

Boy: Ya
Random Dude: my dick is hard right now! LMFO
lmfo by Thiiccc October 9, 2017
Letting Mother Fuckers Outside

Thas right Letting mother fuckers outside
you can laught your ass out while watchin mother fucker outside you know.
Hey you i am LMFO you can see them by the window

Ok Nigga
LMFO by Thezkiller360 February 25, 2018
Lmfoil has two meanings, it could be used to call someone an idiot or another spelling for lmao thats all it is really.
John: "im going to go play in traffic"
Liam: "No dont go out there you lmfoil"
Or

John: "Look at this meme"
*shows video of baby doing floss*
Liam: "lmfoil"
lmfoil by yÜh dürde September 15, 2020