Laugh Out Loud At You. Derisive derivative of LOL. Mainly used in chats/emails/texts. May also be seen as LOL@Y LOL@U
John Customer: Your internet service is slow!
Tech support: What version of Windows is on your computer?
John Customer: Windows 98
Tech support: LOLAY
Tech support: What version of Windows is on your computer?
John Customer: Windows 98
Tech support: LOLAY
by Insidivs May 25, 2009