lolzerfaust 

Derived from the Panzerfaust in Wolfenstein: Enemy Territory. Used in conjunction with a multiple panzerfaust kill, or just as a general replacement for lol.

Lolzerfaust! I got 4 that time!

lolzerfaust by Bummey July 19, 2003

Lollercaust 

Comedy on a massive scale; Laughter that leaves six million dead

Springtime for Hitler was a Lollercaust!

Lollercaust by Saepiroth June 2, 2003

LOLERCAUST 

Like the Holocaust, but funny!

Today in school, we learned about the LOLercaust. It was funny.

LOLERCAUST by Rampant Teamkiller September 1, 2004

lolercaust 

mass laughter

similar to mass destruction of a holocaust

person1 - i peed my pants today

person2 - lol lol

person3 LMFAO!!!

person4 OMG LOL!

person5 - Its a lolercaust !!!

lolercaust by Marcq June 20, 2006

lolercaust 

An event which takes place on the internet with three or more participants that is funny, but clearly motivated by unsavoury and morally bereft inclinations and means and would likely be considered offensive by other, more sensitive individuals.

P1: omg, ur a f*ckin f*g.
p2: f*ck you, f*g.

p3: f*ck you both, you're both f*gs.
p4: f*ck you n*ggers, you're all n*gger f*g k*kes!
Ghett0: Jesus Christ, what a f*ckin 'lolercaust. Will you guys give it a rest before you get yourselves banned?

lolercaust by OG Ghett0 May 21, 2009

lollercaust 

When a large group of people LMAO at the same joke and/or event.

We all saw Jimmy fall on his face while riding on his skateboard. We had a lollercaust.

lollercaust by screwed124816 October 7, 2009

lollercaust 

hilarious party where the nazi party invite their great friends the jews round for a fun time then gas them all to their deaths in one great party atmosphere.

nazi 1:here come the jews
nazi 2:woot lollercaust

lollercaust by b1nn7 August 25, 2006