The combining of the words lol and the last name of current NBAplayer Pau Gasol to form an adjective which can only be described by the hilarious and goofy nature of Mr. Gasol.
Can be used as a synonym for lol or as a noun to describe Pau Gasol. Can be used as a verb in the form "lolgasoling"
Rush: Guess what? Potatoes was talking to himself in the chatbox again today.
Len: I know, it had me lolgasoling all over the place.
An LOL moment so huge it cant be described as just lol. A moment so hilarious, all you can do is stand up and scream LOLIGATOR! Can also be used as a substitute for "lol" if it pleases you to do so.
*guy tells a really funny joke* "Dude thats hilarious!" "LOLIGATOR" or.. *Texting* "haha yeah it was pretty hilarious.." other guy says.. "loligator man, loligator"