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It means "Laugh Quietly To Myself." Better than lol because you don't actually Laugh OUT LOUD when you said it. You really laugh quietly to yourself.
KNOCK KNOCK
WHO'S THERE?
SARAH
SARAH WHO?
SARAH REASON YOUR NOT LAUGHING?
HAHA LQTM!
lqtm by Matt g94 February 10, 2009
Related Words
Laugh Quietly to Myself

Basically what you say when something isn't really funny but you don't want the person your talking to to feel like shit
PErson 1: hey you wanna hear a joke?
Person 2: no?
Person 1: alright here it is
Person 2: i said no...
Person 1: Ok so why did the chicken cross the road..
Person 2: because your a dipshit?
Person !: NO! because he wanted to get to the other side
PErson 2: LQTM... leave me the fuck alone you dumbass
LQTM by imabeastson December 1, 2009
Laughing quietly to myself. verb.
When you laugh really hard at something funny, but quietly to yourself.

Oh (insert your name here) you make me lqtm!
Lqtm by Hulietta Dillon October 3, 2010
Stands for laugh quietly To Myself. because when someone says something kinda funny that's what u do not LOL or ROFL or LMAO
She told a racist jokes about italians, im italian. but it was kinda funny sp i LQTM'ed
LQTM by SlappinEwoksLikeDemHoes October 25, 2010
Laughing Quietly TO Myself
In side a office texting and you can't rofl or lol or lmfao u can just LQTM.
LQTM by spider75 June 1, 2010
Laugh Quetly To Myself
instead of LOL use LQTM
"ur teacher is gay LQTM!"
LQTM by iam2cute4u216 October 18, 2008