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lulzorasaurus 

1.A name given to someone who spends their days lurking the pages of 4chan /b/ and encyclopedia dramatica searching for serious lulz.

2.A dinosaur who appears at moments of particular hilarity, points and laughs at the situation/joke, then disappears again.
so+so: Dude, you should get a life, all you do i sit in front of the computer all day.

Lzrsrs:Ya, but i am funny.

so+so:True, i take it back.
----------------------
Person:Look at that monkey! lol wtf!?

Person2:hahah, enter the lulzorasaurus!
lulzorasaurus by The_Flea October 27, 2008
a comination of lol and zorz. for those mentally challenged: lol + zorz = lolzorz
Man, I just got raped. Lolzorz.
lolzorz by Long Nguyen January 3, 2005
Comes from the word "lulz"
Which comes from "lol"
which means

Laugh out loud.
Lulz0rz is just 1337 speaking taken to an extreme.
Blah1: omfg i r winrar
blah2: lulz0rz u r teh lose
lulz0rz by Thy paperclip October 16, 2007

lulzorzasaurus! 

The act of continuously "Laughing Out Loud" until you're head explodes, thus forcing you to watch rather long marathons of "The Hills" on Foxtel all day long. And as a result, change your name to Chelsea and sell fairy floss.
TIM: LULZORZASAURUS!
JAMES: *shocked face* Oh no you didn't!!
lulzorzasaurus! by crymurder November 15, 2007
billy: hey, did you get all that homework done last night?
nerd: why yes i did! lolzorz!
lolzorz by urbannurbanshmurban January 31, 2010

Maximum Lolzorz 

The pinnacle of lol
"That Suite Life of Zack and Cody episode was so maximum lolzorz!"