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Chatbonics 

Use of acronyms and derived mutations to shorten frequently used terms and phrases on the internet.
Classic Chatbonics:
LOL: Laughing out loud
ROFLOL: Rolling on the floor, laughing out loud
BRB: Be right back
AFK: Away from keyboard
OMG: Oh my god!
Related Words

cambonics 

The intentional restatement of language as it was originally presented by the author during a business meeting in an unsuccessful attempt to make oneself appear to be intelligent.
Cameron resorted to using Cambonics during our meeting this morning because he had no idea what to say when asked a question about marketing campaign management.
cambonics by Juice January 27, 2005

craybonics 

"I don't understand that nut! She speaks in craybonics."
craybonics by notasquirrel March 27, 2014