If somebody takes the piss out of someone who is in your conversation (e.g. email or msn) and you find it funny, you may want to say "Megalol". This is particularly applicable when the comments made are awkward, or you know they won’t like what was said but still find it funny anyway.
Bloke 1: Yeah well maybe if you got a job and stopped playing World of warcraft you’d get a girlfriend…
Bloke 2: (silence)
Bloke 3: “MegaLOL”
by barnett time November 20, 2006
Get the MegaLOL mug.
Guy 1: ...and she says, "that IS my foot!"
Guy 2: Megalol!
by WEB DuBois June 15, 2009
Get the megalol mug.