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Any word that is composed of acronyms dealing with laughter, that sounds like a real word. For example, roflcopter, loller skates, and lmaonayse
"Lmaonayse is my favorite lolphemism"

"lolkay"
by Greatxander February 25, 2008
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Jun 4 Word of the Day
The phenomenon of having to come out as bisexual to the same person/people repeatedly because they assumed or hoped that your sexuality was a "phase." Refers less to the holiday and more to the 1993 Bill Murray comedy film in which the main character experiences the same day over and over.
"My visit home turned into Bisexual Groundhog Day. My mom acted shocked when I told her I'm going to Pride next week, so I had to come out to her as bisexual AGAIN."
by Tiggy Upland April 15, 2014
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2
The usage a chat acronym (LOL, ROFL) or a smiley to make an otherwise offensive or hurtful statement sound less severe.
Scenario 1

Jake: dude, your girlfriend sarah is such a bitch

Alex: gtfo faggot

Scenario 2

Jake: lol your girlfriend is such a bitch :D

Alex: haha, im glad i have supportive friends like you lol

(Scenario 2 is an example of the usage of a lolphemism to convey the subtle message that sarah is a bitch, while making the user 2 believe that user 1 is using sarcasm)
by cerealmage2188 October 05, 2009
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