A simile/idiom similar in meaning to "one man's trash is another man's treasure" only, in this case, it means that what is funny to one person may be offensive to someone else.
Tom: "Man, I told this hilarious joke last night. Everyone laughed but Bob. He was a douche and said the joke was offensive."
Stands for "Lot's of losses". It is the ultimate "L". Used when you can't come back from a situation.
Examples include: bringing warm beer to a tailgate, acting like a clown in public, messing up big time, or , the ultimate version of being roasted and toasted in a situation.
- I forgot to bring my wallet and my date had to pay for our meal.
- Go ahead and take a Lol "Lot's of losses"
-I forgot we had our final exam today
- Go ahead and take a Lol "Lot of losses"