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Lulz.. is a corruption of L.O.L., which stands for laugh out loud.
1. Anonymous gets BIG lulz from pulling random pranks!

2. ..But truely EPIC lulz come from raids and invasions.
by Internet Hate Machine August 03, 2007
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Lulz is a typographical subversion of the word "lol", meaning to Laugh Out Loud, thus emphasising the humour derived from the subject by way of making the original word sillier.
Megalulz ensue.
Citizens of Hiroshima and Nagasaki: "Why Truman? Why the bomb? It killed thousands of innocent women and children"

President Harry Truman: "I did it for the lulz"
by Jamie Davidson January 02, 2008
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Phil Shuman used this term in a poorly executed last minute piece that was thrown together. It shows his complete lack of ability to perform proper investigative reporting. Many LULZ were generated from this attempt.
"LULZ is a corruption of L O L, which stands for Laugh Out Loud." --Phil Shuman, Fox News
by XgizmoX July 30, 2007
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1. A corruption of 'lol' or a purpose misspelling of 'lol'.

2. An idiotic excuse to do ANYTHING offensive or disturbing (and as such, funny) used mostly by Chantards (4chan, IIchan, etc.) Gaiafags, or any usual member of Encyclopedia Dramatica.

3. Something funny that is caused at the expensive of others.
Gaiafag: WTF?! A burning cat! Oh God, why?!
Troll: i didz it for da lulz

/b/tard: dude whyd u cum on ur sisters face and then post pics?
/b/tard(2): i did it for da lulz

by person over there March 11, 2008
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Lulz is awesome. Lulz is way better than lol. Lulz is a synonym for Schadenfreude and means "lol derived from other's suffering".
Osama, on WTC: I did it for teh lulz!
by TehCezar December 17, 2009
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