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Laughing out loud obviously. Similar to lol , however lolo has a more condescending connotation. Used in situations where a response of lol is expected.
Person 1: It's wonderful what you can find in your pockets after a rough night.

Person 2: lolo
lolo by Facebookcreeperz July 27, 2011
Related Words
Unlike lol where you laugh out load for an extended time (hahaha), lolo is that act of laughing out loud once (ha).
Did you see Johnny lolo? The joke must not have been very funny.
lolo by realBIGdozer September 15, 2014
sometimes used as a dumbass or a offended way to call a person or a asshole
To say is correctly you need to read it like lowlow.
Chris is such a lolo, he never gets good grades.
lolo by notfamousperson January 16, 2018
Another name for dick which is from the word lollipop to show that dick is sweet as a lollipop
That whore will suck your Lolo really well
Lolo by Uati May 28, 2018
A lolo is your typical Joan Bolchov lookin ass big brain 300iq player
Tiho we lolo
lolo by fai7hless February 13, 2019
Shut up lolo.Dont be a lolo like jojo.
lolo by fai7hless February 13, 2019