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1. abbreviation for "laugh out loud", this is most commonly used.

2. abbreviation for "lots of love", this is not as common and will anger people easily.
1.

dude one: hey man! that kid totally ate shit on that skateboard!

dude two: lol! thats some funny shit

2.
(this is in an IM chat room)
joey: my cat just got hit by a truck...

old lady: lol.

joey: wtf! you crazy old bitch!
lol by HunterHomicide November 30, 2010
Related Words
löl Lola lolo lolz lollipop loli lolly Lolita lolcat Lolicon
Used in improper statements.

Acronyms:

1) Laugh Out Loud

2) Lots Of Love

3) Lots Of Laughs

4) Lol On Louis

And so on
See acronyms above or look at this example:

**IM example**
In this example, we will use two imaginary people John and Fred.

---
**IM example**
John: hey

Fred: hi

John: wats up

Fred: nothing
John: hey you wanna hear a joke

Fred: kk

John: if quizzes are quizzical wat are tests?

Fred: testical... omg lol

John: lol testical testicle
lol by ArandompersonwhoisveryweirdxD December 27, 2010
An abbreviation of "laugh out loud" commonly used in texting or social networking sites such as Facebook.
Krystal: How much longer do you think it'll be before "LOL" is added to the dictionary?

Vern: Ha, I just added it to the dictionary, LOL!
LOL by Werrrno February 25, 2011
Lol was used to describe as Laugh Out Loud on the internet... on February 6, 2009 a person by the name of Lol B altered and macroed the definition for a shortened form of Laurence for people with the name.
I lol'd over Lol's joke.
lol by babtothebone February 22, 2011
Something you say or type when something to you is funny enough to eknoledge but you don't really laugh so you just say 'lol'
Sally: Hey guess what?! I forgot it was April Fool's day today but I played a prank on Ethal anyway!

Sue: Lol. Cool
LOL by the only one who rocks February 25, 2011
Original:
Laugh Out Loud
As of February 6, 2009
Shortened form of Laurence
I lol'd over Lol's joke.
lol by babtothebone February 28, 2011