When a situation is particularly hilarious in a dry and witty way. Taken from the Frech word 'droll' and mixed with the English word 'lol' with an 'i' in the middle because we can. Best said in a French twat-like accent.
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).