Beyond "Lol" beyond "Lols" even past "Lulz" is LOLZORAMA! This word is meant to be a snotty retort to some newb retard type person telling you how funny something is! It is usually said sarcastically with a scrunched up face.
Steve says:"Hey lets watch Ace Ventura Pet Detective for the Nth time, that movie is so damn funny!
The process of duct taping a Four Loko to each hand then cannot remove the duct tape until you finish each Four Loko. Similar to the popular drinking game "Edward 40 Hands."