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lologasm 

Used by some in internet chat to signify that they are laughing so hard that they cannot breathe.

It is made of the words lol and orgasm fused together.
User A: Random funny shit
User B: LOL LOL LOL
User B: LOLOGASM!
USer C: I lologasmed too!
lologasm by Krackpipe March 28, 2005

Loligasm 

Getting an orgasm from looking at little anime girls.
Jessica: "I heard that our teacher gets a loligasm when he watches anime shows."

Emily: "Eww, that's so gross!"

Teacher: "Hi girls, how's it going?"
Loligasm by EpicLegend18 November 26, 2011
It is to laugh so much you orgasm.
Whats that mess over my new carpet?
John just had lolgasms.
Lolgasms by TheKingOfThisWord January 28, 2009
the climax of a lollified experience
right around "then he popped out of the bushes and was like HEADSHOT!" is when I achieved lolgasm.

lolgasmic 

Simply meaning, fucking hilarious.
No pun intended. :P
Guy 1; Oh lord of the fail, take Imi's soul and fail it hard and fast, to the depths of failhell, Amen.
CAN I GET A HALLELUJAH?!
Guy 2; HALLELUJAH! That's lolgasmic!
lolgasmic by Caitjuss January 23, 2009
an abrupt fit of laughing, usually involuntary
"OMG that was so funny i might have a LOLgasm"
LOLgasm by big_ben100 July 28, 2009