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A common internet fallacy, in which one party responds to the logical argument of another by simply saying "lol." Often followed by or combined with an example of ad hominem, the response never actually presents an argument, and is paramount to simply admitting, "You have a point, good sir, but I will never admit you bested me in a battle of intellect!"
Ronald: "X is better than Y, because of Z"
James: "Lol! You're an idiot!"
Ronald: "Care to explain your reasoning?"
James: "Lol!"
Ronald: "That's a classic lollacy."
James: "Lol!"
lollacy by Vex-Donuts September 18, 2012
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when u need to reply with something thats not as basic as "lol" or "lmao", u say "lollay" its a shaw gang reference that only the real ones will know about
when something is funny u reply with lollay
lollay by pjbigbro January 4, 2021
Related Words

lollaby  

Created by Erica in Southern California this word means that something isn't very funny. It's almost like that saying from the 80's "it's so funny I forgot to laugh". You can use it to respond to a boring joke. The word means it's so funny it almost put me to sleep.
Bob: What has four wheels and flies?
Joe: I don't know.
Bob: A garbage truck.
Joe: LOLLABY
lollaby by Erica V. May 12, 2008
A simple variation of the word LOL. Created on the forums of Batjew, and used as a lesser version of ROFL, but higher than LOL.
Ninja Robot Pirates are Lollacuda when they shoot flames.
Lollacuda by Lobsterboy July 15, 2003

lollacaust 

Humorous term devised by Kelly whilst musing over the different ways to incorporate the popular term "lol" (meaning laugh out loud) into new cutting edge terms. The term then became popular with many other people and can now be commonly heard in many of London's student circles. Recent reports suggest the term is also breaking into mainstream use.
Jon: "Yes you can use my microphone. . . "

Adam: (Into microphone) HELP!!!! I'm trapped in here with my friend!"

Kelly: "LOLACAUST!!!!"

or;

Simone: "What other words are there as well as LOL???"

Andrew: "LOLLACAUST, ROFL, ROFLMAO. . . "
lollacaust by Adam Donlan March 25, 2008
What happens when Master Chief learns of Zelda's Lullaby.
*Arbiter learns Zelda's Lullaby from Impa*

Chief: wut is up w1th th4t s7up1d b17ch and why is she nut in DOA and wut teh fuhk is zelduhs lololololololollaby? sowns ghey.

*Arbiter turns to face Chief*

*Door closes behind Master Chief*

Chief: fuck.
lollaby by MachinimistLuke July 7, 2010
Get over here you fuckin Lollace
Lollace by clgswag23 August 8, 2016