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An assets-enrichment-seeking court case brought by someone claiming to have suffered a financial setback.
If you get gypped by someone for a lot of money, it usually will be because said shyster had no funds of his own to begin with, so there would probably be little use in filing a lossuit over it --- "you can't get blood out of a stone", so it would likely be just a waste of time and court-costs.
lossuit by QuacksO November 15, 2019
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A fake, frivolous lawsuit that is so ridiculous or baseless, you can't help but laugh. Often used to refer to the threat of such a lawsuit.
Zephyr tried to file a lolsuit against me just because I said he didn't know how to use a bar of soap.
Related Words
A lawsuit over something so ridiculous that you can't help but laugh at it.
McDonald's got slapped with a LOLsuit when some idiot failed to realize that coffee was hot.
LOLsuit by Daemon Alard August 21, 2008
A fake, frivolous lawsuit that is so ridiculous or baseless, you can't help but laugh. Often used to refer to the threat of such a lawsuit.
Zephyr threatened to file a lolsuit against me for "slander" just because I wrote that he didn't know how to use a bar of soap.
Lolsuit by Baral'heia Stormdancer December 22, 2005

Lossitha 

Lossitha is my best friend
Lossitha by anonymous March 11, 2023