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A word that originally meant:
1) Lots of Love
2) Laugh out Loud

However, it now is more of the equivalent of the grunt you make when you're not really laughing, but you acknowledge the joke. It is also used to soften an insult or make something sound less serious. Alot of the time it is used as an akward silence filler.

When someone is really laughing out loud, the tend to add exclamation points or excessive Ls and Os, or capitalizing it.
ROFL, LMAO, ROFLALMAO, LMFAO, and HAHAHAHAHAHA are also used.
To make something seem less insulting:
Person 1: I think you should go on a diet, lol.
Person 2: lol

To make something sound friendlier:

Person 1: Wanna go out?
Person 2: No, lol

To fill an akward silence:
Person 1: Hey!
Person 2: Hey!
--10 minutes later--
Person 1:lol

To acknowledge humor:
Person 1: Why did the chicken cross the road?
Person 2: IDK
Person 1: 2 get 2 the other side!!

Person 2:lol

WHEN YOU ARE ACTUALLY LOLLING
Person 1: Remember last night when Sara told Ms.Hemmingway she loved her? HAHAHAHA... and Ms.H called the police?????
Person 2: LOLOLOLOLOLOL!!!!!
Lol by A purple alien from mars xD December 25, 2010
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Originally Meaning "Laughing Out Loud".
Since it has now just become a way to show something is funny with laughing out loud being optional, it means "Laughing On Line"
Person 1 says:
LOL
Person 2 says:
yeah laugh out loud
Person 1 says:
No, Laughing On Line
Person 1 says:
I made that up. 100% credit to me
Person 2 says :
Lol
LOL by Rob Goblin October 7, 2006
Related Words
löl Lola lolo lolz lollipop loli lolly Lolita lolcat Lolicon
this definition is a very old one and it means: licking old ladies
me and my friend enjoy lol on the weekends together.
lol by frm_siren September 15, 2005
A phrase that is overused on AOL and AIM. Lol stands for laugh out loud.
lol by michaelle August 14, 2005
a word to say when there is nothing else to say.
zeniya: did you see that dude last night?

preeze: lol
lol by younga pink July 15, 2007
if you dont actually know what 'lol' is, your either; over the age of 40, or you've lived under a stone all of your life.
either that or your just plain stupid
Random #1: it was well funny today wasnt it?
Random #2: yeh totally
Random #1: LOL
Random #2: huh? what is 'lol'
Random #1: omg are you serious?! PMSL
Random #2: ...
Random #1: you need help dude..
lol by shananamoo December 20, 2007
It means Laughing out Loud...For texting, im-ing and saying it general...
Kara: LOL that sitcom is so funny
Leslie; Lol, I know!
lol by shekster February 25, 2008