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lol-rip-lmao 

lol rip lmao is used in context with a gravestone, you dance on top of your homies grave and say "lol-rip-lmao", or when your homie dies in a game
you: lol-rip-lmao you fucking died
homie: gosh i fucking died, that is true lmao
lol-rip-lmao by Carson Moment April 30, 2019
A phrase used when something slightly unfortunate, yet still amusing, happens to yourself or someone else.

This phrase can also sometimes be separated into 2 words, becoming "lol rip."
Person 1: (texting Person 2) "Dude I tripped over that rock in front of Stacy"
Person 2: "lolrip"
lolrip by crumbsalad August 28, 2017