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lolerskates 

An extended version of the acronym L.O.L. which expresses extreme laughter and appreciation of humor. This expression is usually only used on the internet, and is not intended for normal real conversation. Any person that uses such term in real conversation may subsequently be labeled as an asshole.
CyberFriend: Dude i just found some pix of Tom's grandma boarding a shortbus on 4chan!!!!

CyberKid: LOLERSKATES!!!!
lolerskates by SealingPhan April 16, 2009

lolerskates 

OMG lolerskates
lolerskates by Anonymous February 10, 2003

lolers disease 

A condition that causes people to use lol too much.
Fredrick: Hey! lol
Michael: Hi there
Fredrick: lol whats up?
Michael: not much really
Fredrick: lol cool
Michael: do you have lolers disease?
Fredrick: lol wut?
lolers disease by Pengwin May 12, 2007
An extention of the common internet slang, "lol"

To quote the supposed copyright holder on the word:

"It does not mean anything at all other than laughing out loud. It´s just nice on the tongue to say ERS in the end!"

The word was first announced by Bloodspire on the eve-online MMORPG forums, it was the put on UD by Shinnen for immortality, he now has rights to this word
Bloodspire > ZOMG, Shinnen just put my word on UD
Shinnen > Lolers! ;)
lolers by Shinnen June 18, 2006

lolerstatus 

The status of ones lol. Can be mesured by lol skills including: Ones overall lolness, ones skill to make others lol, and ones roflstance.
mAZ G and Matty C have such a high lolerstatus, i wish i could be like them.
Wow Ron has such a low lolerstatus, what a noob.lol.
lolerstatus by nXc.mAZ December 30, 2005

lolersk8s 

this is a word used to puzzle an unsuspecting foe in an arguement
person 1: your so gay
person 2: lolersk8s!
person 1: huh?