The disturbingly nasty sound that comes from a smoker's lungs when they laugh hard. It often sounds like paper shredding or a pipe suddenly being unclogged. It is most commonly heard in smokers over the age of 40. A typical flem soaked smoker's cough usually follows.
Kelly: "Where did Aunt Debra go?"
Kim: "I think she went outside to smoke."
Kelly: "Why does she eat healthy and drink green tea while smoking two packs a day? She even has the lung butter laugh."
LUNG bu ter noun -term used for the discharge that comes out of one's lungs after a severe coughing spell while one has a respiratory infection. the color and texture are quite similar to butter.
Dude 1: "Holy Shit Man. That's one hellofa cough you have. You gonna be ok?
Dude 2: "Yea man, the shit I'm hackin' up looks just like lung butter."
Dude 1: "Fuck man. That's nasty shit."