a funnier way to say rather than the general 'lol'
Steff: "Is Dumbledore gay?"

Katie: "I think so. it's probably why he likes Harry so much!"

Steff: "lolbags!!"
by Fia bbz February 9, 2009
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To be teabagged on an online video game whilst the person or persons teabagging say 'lol'
Oh im gonna teabag him good,

LOLOLOLOLOLOLOL LOLBAG
by Deccy boy March 31, 2008
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