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MEGA LOLZ!!!! 

a joke that originated from the punktastic forum
was then used on lostprophets tee shirts and punktastic tees.
only about 1/7th of people wearing the lp MEGA LOLZ!!!! tee get the joke.
MEGA LOLZ!!!! by drunkgay June 20, 2007

mega lolz  

when something is so funny, u have 2 add a mega in front of it. similar to lmfao, but something funnier
wow u just fell on ur ass, MEGA LOLZ !!
mega lolz by jnkjnfg October 23, 2007

MEGALOLZ 

A term used to describe pedophilia by pedophiles.
Ian Watkins (former lostprophets frontman): ""I do not know what everybody is getting so freaked out about. It was MEGALOLZ!"
MEGALOLZ by fantastique December 19, 2013

Megalolz 

herd orientated phrase derived from internet based social media to signify a moment of hilarity/cringeworthiness or as an act of attention seeking behaviour often cited in modern life.

this is often delivered in a group of people or anonymous internet forum so as to gain acceptance from that group (normally referencing another's shortcomings - usually someone not present or accepted in the group).

seen as a witty line of agreement or base of acceptance within your peers. normally delivered by people with low self esteem, or limited strength of character to form independent thought processes.
"OMG, megalolz!"

"and he fell over in front of everyone...megalolz"

"she's so lame she cried in front of him...megalolz

totes, epic fail"

MEGALOLZ! 

Usually use via instant messengers (MSN, AIM, etc..)
Its far funnier than your regular "lol"
MEGALOLZ! by Minemini December 9, 2008