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A phrase used when an online conversation is sufficiently funny to make one laugh in real life. The phrase structure consists of two common terms, lol and irl, and amalgamates them together.
Person 1: "Hey dude, Hank's mother is so fat, when she dresses in yellow, people shout taxi!"

Person 2: "iloldirl!"
by Bill Rattlesword September 06, 2010
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