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LIOL Stands for laugh INSANAGE out loud.
INSANAGE got brought into lol because of a typo originally and then it became popular to use when laughing at something because it is crazy or you are feeling insane or high.
Rach: what is that outside my window?
Anita: it's a hobo playing snap!
Rach: LIOL
by Rachael Cunninghame September 11, 2008
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