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D.O.L stands for
D - Dabbing
O - Out
L - Loud
You use it to express your appreciation for something cool that happend.
Larry: *backflips*

Steve: D.O.L! that was so cool!
I have D.O.L. so I can't get up and answer the phone. Works well with my husband.
D.O.L. by LettingGo June 12, 2009
Drop Out Looser - Kids who drop out, or those people (usually guys) who try to get with (and usually do) younger girls.
Justin, a 21-year-old DOL who works full-time at Wal-Mart, is going out with Cindy, a 16-year-old high school sophomore.
D-O-L by CP12 September 18, 2003
freakzoid
loser
geek
gimp
g0mp
Dodgy orangoutang Loving

Seriously disturbed kiddy fiddler
D-O-L by Marty April 2, 2003

D.O.L.O. 

Anagram, Don't Only Look Outside. Similar to don't only judge a book by it's cover. Don't catigorize me before you get to know me.
before you pass your opinion on anyone take the time to D.O.L.O.
D.O.L.O. by David D.O.L.O. Horton August 15, 2011
An acronym created by music artist Dolo Storm; Dying Of Lonely Oppression
"Dolo Storm, the rapper, created D.O.L.O because he always feels lonely". "Yeah he's a emo man".
D.O.L.O by DoloStorm September 4, 2017