Basically an all purpose term for anything ranging from mildly humerous, to raging hysterical.
The term used to be strictly an acronym for Laughing Out Loud, but it now means "I think that's funny" ALthough it used to be strictly confined to the internet, it has evolved into a word pronounced "lawl" and is sometimes spelled so.
Lol has gained many variations
I.E Lol, lul, lulz, loled, lawl, lolz, lols, luls, Lawlz, Lawlz etc.
It is only twenty years away from being in Merriam Websters dictionary
The term used to be strictly an acronym for Laughing Out Loud, but it now means "I think that's funny" ALthough it used to be strictly confined to the internet, it has evolved into a word pronounced "lawl" and is sometimes spelled so.
Lol has gained many variations
I.E Lol, lul, lulz, loled, lawl, lolz, lols, luls, Lawlz, Lawlz etc.
It is only twenty years away from being in Merriam Websters dictionary
Christoper2022:33 P.M Yesterday, i Opened can of soup and drank it cuz I was to lazy to cook it
OrlndoBloomfan2:33 P.M Lol!
OrlndoBloomfan2:33 P.M Lol!
by Noogahoogah October 3, 2009
Get the Lolmug. by LOLMANIA™ December 7, 2021
Get the aary potnis sucks lolmug. 
by Lillefyr February 21, 2019
Get the lolmug. by silentgurl February 25, 2018
Get the Lolmug. by GraceViz December 2, 2013
Get the lolmug. 