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An extention of the commonly used LOL. This word connotes a giddy sense of laughter, rather than a more histerical type. Overused by annoying adolescense in another desperate seek for attention.
1 Lolzerz! You guys! That's totally shweet!
2 That joke was totally lame! lolzerz.
lolzerz by The Wandering Hans March 4, 2005
Related Words

lolzerzz 

means funnier than lol; more funny
OMFG he is really going out with that nerd Jacob??!! lolzerzz
The bastard child of AIM users and "teh 1337".
ur dum!!!!111!!!1! Lolx0rz OMG WTF!!!11!!! 1^^ $0 1337!1111
lolx0rz by Alex Nye September 26, 2004
Like many other "0r" words (like bitchz0r, or hax0r, or sux0rz), this has an unknown origin. But it can be traced back to "lolsaur".

If you are a true lamer, use it. If not, AVOID IT AT ANY COST, or people will start to think you're a moron.
Person1: something REALLY funny
Person2: OMG lolz0rrrr!!!!111
Person1: yaaaaaa bitchz0r die cuz i am teh hax0rz

Person1: kekeke
Person2: kekeke! lolz0r!!!11

Person1: Hi.
Person2: lolz0r
Person1: ?
Person2: lolzor!!
Person1: O.o
Person2: lolz0r!!!111 kekeke omg lolz0r!!!
lolz0r by Grunt January 24, 2006
a comination of lol and zorz. for those mentally challenged: lol + zorz = lolzorz
Man, I just got raped. Lolzorz.
lolzorz by Long Nguyen January 3, 2005
Comes from the word "lulz"
Which comes from "lol"
which means

Laugh out loud.
Lulz0rz is just 1337 speaking taken to an extreme.
Blah1: omfg i r winrar
blah2: lulz0rz u r teh lose
lulz0rz by Thy paperclip October 16, 2007