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lolspatch - another word for Steri-Strips (skinny band-aids). Used when you laugh out loud so that the sides of your mouth split and the blood comes out.

Dude 1 - Hey that was a funny joke - ha ha ha ha ha

Dude 2 - Hey where is that red water coming from?

Dude 1 - Hey my mouth hurts from Lots Of Laughing Out Loud

Dude 2 - Hey you're bleeding. Let me join the flesh back together with a lolspatch
Dude 1 - Hey that was a funny joke - HA HA HA HA HA
Dude 2 - Hey where is that red water coming from?
Dude 1 - Hey my mouth hurts from Lots Of Laughing Out Loud
Dude 2 - Hey you're bleeding. Let me join the torn flesh back together with a lolspatch
by Swatter Tom April 05, 2015
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