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lolerskates 

An extended version of the acronym L.O.L. which expresses extreme laughter and appreciation of humor. This expression is usually only used on the internet, and is not intended for normal real conversation. Any person that uses such term in real conversation may subsequently be labeled as an asshole.
CyberFriend: Dude i just found some pix of Tom's grandma boarding a shortbus on 4chan!!!!

CyberKid: LOLERSKATES!!!!
lolerskates by SealingPhan April 16, 2009
Related Words

lolerskates 

OMG lolerskates
lolerskates by Anonymous February 10, 2003

lolerskates 

A good "corruption" of lol and skates (or skateboard /skateboarders / skateboarder) NOBODY reaaaly knows exactly what type of "skate" form is used here... I guess we'll never know. lolerskates.
Guy1: Hi!
Guy2: -.-
1: can we be friends?
2: sure, follow me to the uhh... combines....
1: sure
2: run up there and see the marshmallows!
1: OK!
2: *aims sniper at head*
1: Silly! there are no SNIPERS in my HL2 server... bitch! *Pulls out RPG and guy starts running, while Guy 1 pwns him*
1: ....lolerskates, bitch!
lolerskates by Jewel! January 3, 2008

lolerskates 

Used to state that a small rodent is dead.
somtimes used to insult the mother of a large Duck, though rarely.
Example 1: That rat is lolerskates man...

Example 2: Yo Duck! Yo mamma is such lolerskates man!
lolerskates by Moola February 22, 2005

lolerskates 

A sexual term relating to 'Bee's fallus
OMG WFT?! WTK?! BEE/CHiCNCREAM HAS SUCH A SMALL PEANIS... ER.. I MEAN LOLERSKATES
lolerskates by Anonymous March 12, 2003