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lolfactory 

Any thing that produces gratuitous amounts of LOLZ.
1. "GIRUGAMESH IS A LOLFACTORY!!"

2. "Hey Corey, do you know about any lolfactories? I could really use a lol."
lolfactory by lewibrysh April 12, 2009

LOLfactor 

A measurement of how funny something is out of 10, 1 being not funny at all and 10 being very funny.
Alex tried to kick a bottle and fell on his ass. That had a lolfactor of 9.
LOLfactor by Parsi February 15, 2007