laughing on the outside, crying on the inside An acronym designed for when either: 1- Something is superficially very amusing but actually quite depressing; or 2- Someone finds something which would ordinarily be quite tragic to be unreasonably amusing and wants to give the impression that they aren't totally soulless.
1. Jack: Well I would've rogered your mum, but I didn't want to get aids!
Jill: Damn,... lotocoti... (Jill actually has AIDS)
2. Jill: So last weekend I was skydiving with my bff Jan, and her chute didn't open!
Laughing On The Outside Crying On The Inside Commonly used when someone doesn't want to admit that they are actually hurt, so they just laugh off the pain.
Jill, "I got 8 hours of sleep last night!"
Olivia, "I got 4, lotocoti..."
Haylee, "I totally failed that test. Lotocoti!"
Bri, "I heard you got suspended for two days?"
Claire, "Haha, yeah. They caught us on the cameras, lotocoti."