Beyond "Lol" beyond "Lols" even past "Lulz" is LOLZORAMA! This word is meant to be a snotty retort to some newb retardtype person telling you how funny something is! It is usually said sarcastically with a scrunched up face.
Steve says:"Hey lets watch Ace Ventura Pet Detective for the Nth time, that movie is so damn funny!
The art of laughing out loud, whilst wearing a pair of rollerskates. Can be in motion or static, either way, you're still lolzorskating.
"By george Montgomery, I do find that racist joke you told me rather amusing"
"Quite Winston, quite"
"One might say, as I am currently rollerskating, that I have my lolzorskates on"
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.