An Instant Messaging term made up of
two phrases, 'school' and '
lol.'
The word 'schoolol' is the answer you give on MSN or
AIM when someone knows full well you've been to school yet will still ask you 'wubu2?'
Jonothan: Hi
Steph, wubu2?
Stephanie: Schoolol! Idiot!
Stephanie: wtf u stoopid idiot, u jus walked me
home?
Jonothan: Yeah I know but like...
Jonothan: You want some mineral
water?
Stephanie: Yeah, plz!