Being totally duped, squashed, killed, owned, destroyed, mutilated, humiliated, embarrassed, obliviated, and excommunicated every time you play a video game against another person. In other words you suck ass.
More then smile and less then real laugh. Similar to I lol'd, but more honest term. Bcuz people didn't really laughed in most times when they write lol or I lol'd, and especially not out loud.