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Lolz is a version of lol used by only the truly specially gay community. Lol is gay, but lolz was created by people who touch themselves while watching Elton John blow Cher.
Man 1: "I hear Donald Trump is running for president"

Man 2: "LOLZ!! Omg that's so funny! Especially while I'm watching this video of Elton and Cher! May I touch your crotch sir??"

That's the meaning of LOLZ (real definition)
by Real-definitions-here May 01, 2011
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