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The act of people getting together and laughing at stupid, rather irrelevant stuff. When one person says something funny, and the other adds on until it becomes unbearably funny.
Draco:"Hey! Where is my aunt and my mum?"
Sev:"They are having a Lol-A-Palooza over soem fanfictions."
Draco:"Disgusting..."
by Ciss<3 June 18, 2010
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2
the act of cutting a large / small (depending on male) hole in the base of a popcorn bag / box. Male inserts cock into hole, covers with popcorn and leaves it as a surprise for unsuspecting hot female, if done properly resulting in sex.
"Dude i lolapalooza'd that chick last night she loved it"
"Dude while lolapaloozing buttered popcorn is not a good idea :("
by Ben Dover31 February 29, 2008
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3
1.an act of 'laughing out loud' with a group of friends while soaking each other's awesomeness

2.an awesome alternative to the overused 'LOL'
We lolapalooza'd when that gotti wannabe's ass is pawned.
by Awesome K-Bot February 20, 2008
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