Loitering around, usually late at night, doing nothing productive but looking at funny things on the internet and giggling with friends over inside jokes. Usually involves a lot of webcomic-browsing, lolcat-perusing, and overuse of YouTube.
Maybe if you weren't so busy lollergagging for hours on end, you would've gotten your homework done on time!
-Verb When you release a huge burst of laughter and it feels good. Usually happens when someone trips, hits themselves or makes a fool out of themselves.
As I was walking around the neighborhood this lady tripped over her dog. Out of nowhere I had a lawlergasmicroflgasm. It was awesome, it was like an orgasm with my mouth, in my mouth and at no risk of contracting an STD.
A scandal of humorous proportions, often resulting in mass ridicule or hysteria on internet forums. Taken from the Watergate scandal, and several instances of lol, lolzies and sometimes along the lines of lmao.