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Lollama is a term used for describing something so funny that it would make even the stern faced llama laugh out loud.
Guy: That movie was hilarious!

Girl : I know that movie was LOLlamas

Guy: yeah! . . .wait. . . whaaat?!?!?!

lollapolluted 

The physical condition following a weekend of partying at Lollapalooza that is often characterized by ringing ears, headache, nausea, gut rot, sunstroke, broken sunglasses and missing underpants.
Dude 1: "Dude! I hear you were at Lollapalooza this weekend! How was it?!?"
Dude 2: "It was a blast... that is, what I can remember of it. I've got the worst hangover, dude. I'm lollapolluted."
lollapolluted by cfbaines August 9, 2010

lollapalooza 

A tour that Nirvana was supposed to headline in 1994. I think we all know how that played out.
Kurt Cobain's death cast a dark shadow over Lollapalooza 1994.

Lollapalooza 

An annual music festival which was established by Jane's Addiction's Perry Farrell. Ran annually from 1991-1997, restarted in 2003, restarted again in 2005-present. Used to showcase many bands of the rock/metal/alternative/indie genres, and even featured some rap artists. In its earlier years, (91-97) its success was helped by many famous and enjoyed bands at the time, such as (but not limited to) Soundgarden, Primus, RHCP, Metallica, Korn, Tool, Green Day, Audioslave and Sonic Youth.

In recent years, it has lost popularity most likely blamed on unheard artists or Guitar Hero competitions onstage. As of 2010, Lollapalooza will most likely be known as 'cool' by the pop culture, thanks to Lady Gaga crowd surfing nearly naked. I, like many fans of the genres mentioned above will continue to enjoy Lollapalooza, but not without losing respect for the festival. This decline in respect will most likely be blamed on mainstream pop artists joining future lineups for the festival, following Lady Gaga's spectacle.
Guy: Dude! You wanna go to Lollapalooza with me?

Dude: Nah man, that place is garbage now.

Lollapse 

You're collapsing after a huge LOL moment.

Collapse + LOL = Lollapse
Alfred: PHONE SPOIL BECAUSE IT'S NUB. CANNOT HANDLE ME. THEN IT DIEDED. PHONE NUB.

Fann: HOLD ON WHILE I LOLLAPSE

Aaron: you LOLLAPSING NOW?!

Alfred: I LOLGASM NOW.

Aaron: LOL FIAL?
Lollapse by Fann Sim February 15, 2009

lollapalooza 

Jane's Addiction frontman Perry Farrell introduced most of us to the word "lollapalooza" -- a slang term meaning "something or someone striking or unusual."
that is so lollapalooza.
lollapalooza by amy lin July 7, 2005