(noun.): An attempt to cause laughter (lulz); something intentionally said or done to be laughed at.
Bob: Dude, I just crashed into a tree cause I swerved to miss a squirrel.
Jeff: lol are you serious is this lul bait?
Jeff: lol are you serious is this lul bait?
by Lithium Lad September 4, 2011
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