a simple infusion of the acronym 'LOL' and the word 'lion' by someone who thought that it was not only funny, but ingenious to use the last letter of a word to act smarter.
Q:what's an animal with a mane and a tail?
A:lol...it's a lion...
A2:OMG! lol, lion, LOLion!! :O
Coined by comedian Bill Burr and his girlfriend Nia Hill (aka the "Lovely Nia") and shared with his legions of fans via the Monday Morning Podcast.
Refers to something that should be good but ends up being bad. Originated when Bill was about to give Nia a back massage (good) but didn't rub his hands to warm up the lotion which resulted in Nia getting shocked by the sensation his cold freckle-marked hands on her warm skin (bad). Should be said like an African American pimp stereotype from the 1970s.
Person one - "I got a raise a few weeks ago and finally got my pay check. Turns out I was bumped into a higher tax bracket and I now net less than before."
Person two - "Shiiiiiiit bro, that be some cold lotion!"
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Person one - "I finally got a date with Margret. Afterwards we went back to my place to fuck but when I took off her shirt she had the worstbanana tits ever. I couldn't get it up."
Person two - "Ooooooo that is some cold lotion son!"
Actually Literally Laughing Out Loud not just saying so by typing LOL in a text, instant message, chat or the like. Literally loling is usually accompanied by a big Kool-Aid smile that lasts anywhere from a few seconds to several minutes after initial literal laughter subsides or is otherwise contained in order to avoid questions like "whats so funny?" from annoying ease droppers in close proximity or around the vicinity of said loler.
Literally loling takes extra effort to type and conveys to others that lol is not just being used as a sentence-filler by someone lazy or pretending to be amused and therefore should be used sparingly for those true lol moments.
Furthermore, it's use can expand past type/text scenarios when describing a literal lol moment.