A glorious day taken off from work for the sole purpose of gathering with friends (3 to 5 preferred) to drink and crush n00bs on the Rift in League of Legends.
Hey guys, want to do a loliday on Sunday?

Jeremy, you twat. You can't do a loliday on Sunday. A loliday can only occur on a workday. You're just talking about a LAN party.
by seedubbya January 16, 2015
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If you replace the "H" in "holiday" with an "L," it spells "LOLiday."

A LOLiday is a vacation from reality in which you laugh, chuckle, or even gaffaw to relax, relieve stress, forget your problems, and promote general happiness and overall well-being.
During lunch, I took a LOLiday with Alison. We laughed so much, and when it was time to go back to class, I felt so relaxed and happy.
by kali marie December 10, 2009
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