Apparently a hybrid of "sux" and a siamese twin "lol" conjoined at the "l." Seems to be a way of jovially expressing a level of distaste for something in a way that a word like, "sulolx," just wouldn't adequately cover.
Person 1 - "That Rebecca Black video 'Friday,' did not particularly appeal to me."

Person 2 - "Dat shyt sulololx!"

Person 1 - "...um, what?"
by 00111111 May 7, 2012
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