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means Laugh out Loud, Just kidding even though it really should mean LOL, jokes. but it doesnt. thees two words are often used together in jokes, you say somthing that is not true then write, LOL, jk somthing ellse funny.

it has been used widely to create groups on facebook,
i'd take a bullet for you LOL jk, that would kill me
Lets Run Away Together... LOL, JK I have Asthma
I would carry you to the moon and back...LOL jk, your fat and i'd die
I want you, LOL jk, you wish
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You're getting old dude, loljk.
by Darryl the Dude February 26, 2008
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Laughing out loud, joking

This is more of an intuitive conclusion to come to than the other popular meaning of loljk, 'laughing out loud, just kidding', because we phonetically read words before processing possible acronyms.
Look I found $10 in the street! I'm rich! Loljk I'm really poor and desperate for this money.
by loljker September 12, 2012
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