Phonetic Alphabet acronym for "Laugh Out Loud" (LOL). An example of it's use is Corki, the League of Legends champion, who says it as a joke. In that particular case, the joke can also be used to mean League of Legends (LoL).
Person 1: Hey, when I play Corki, and press Ctrl+1, he says : Lima Oscar Lima. Is that supposed to be a joke ?
Person 2: Just take the first letter of each word he says and you'll understand.
Person 1: (Thinks for a moment):.....Ahhh, I see what you did there Rito!
by IdiotCitizen September 6, 2017
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