An expression used when a certain situation seems serious at first, but is actually funny on a second thought. It differs from lolwut, because then a funny subject is actually quite serious on a second thought.
lolwut:
A: "Justin Bieber has made a new song!"
B: "lolwut!"

wutlol:
A: "Justin Bieber can't sing anymore!
B: "Dude, what's new"
A: "I mean, he can't produce any sound any more!"
B: "wutlol!"
by Epicurus- July 24, 2011
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