word used to replace funny, hilarious or amusing, in general conversation. taken from the LOL tag on IM/MSN to mean Laugh out Loud, so intstead of laughing out loud, u just lol instead.
friend 1: "did you see that guyfall over??"
friend 2: "yeah man it was lols"
friend 1: "why did you break that glass"
friend 2: "just for lols"
Lols is the nickname of a sassy little blonde girl, who is cute (but doesn’t know it) flirts with people, but then gets annoyed when they start liking her
Robin Williams stand-up is a lols-apalooza. Steven Cobert's "The Word" is a lols-apalooza. Bill Maher's "New Rules" is a lols-apalooza. If you want to experience a lols-apalooza, watch the video of Bill O'Reilly freaking out.