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A combination of the term homo (short for homosexual) and the internet slang "lol" (laughing out load). Discovered on a cyber forum name REPOST by the administrator of Ilechoo.com by accident on the 6th of July 2007.

Not necessarily used to describe someones sexual orientation. Often used as an insult in a friendly context without the purpose of actually insulting the person objected to the word. Can also be used as an adjective to describe a certain object, individual or situation.
"But, srsly, A Clockwork Gay was so homolol."
"Maybe my homolol accent has changed."
"Some fucking homolol decided that he was gonna mess with us."
"It makes me sad homolol."
"I wanna spacedock you homolol."
homolol by Filip Hermelin August 17, 2007
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horololo 

that noise you make when the beat is fricken sick boi
BRO WHAT'S THIS SONG?? HOROLOLOLOLOLOLOLOO!!!
horololo by cypher trash June 4, 2018

Horololo 

The title of an EXO-CBX song but no one even knows what a horololo is.
"I love the new exo-cbx song but what even is a horololo"
Horololo by Horololololololo May 31, 2018

homopolar 

a person who seems always in a foul mood, pessimistic, angry because every one else surrounding him too busy choosing to be optimistic, in denial; often mistaken for being someone bipolar.
Are you BIPOLAR?

Homopolar, GOD DAMN IT! Homopolar!
homopolar by Simply Jim January 16, 2014

homoloid 

A person, that is a simultaneously a mongoloid and a homosexual. aka, a gay mongoloid.
What's up homoloid? You stupid homoloid
homoloid by RG123 November 28, 2007

horololo 

A lit🔥 song by a Korean band "Exo". I'm pretty sure it's just a cheer like "hey!" Or "yeah!" But just to be sure you should ask a die hard exo-l (exo fans)
"Hey! Did you listen to Horololo. It's dropped yesterday"
"Omg yes, it was amazing. I'm officially an exo-l"
horololo by ARMY×EXO-L💜 June 9, 2018

horololo 

An amazing, industry changing song by EXOCBX. Hold on to your weave it will get snatched!
Person 1: Have you seen horololo by CBX

Person 2: yes! My weave got snatched
horololo by chenosaurus May 30, 2018