Any word that is composed of acronyms dealing with laughter, that sounds like a real word. For example, roflcopter, loller skates, and lmaonayse
"Lmaonayse is my favorite lolphemism"
"lolkay"
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(adj.) Something that is imaginary or doesnt actually exist.
"Have you tried Blue Raspberry Jolly Rancher?"
"Yeah, I've tried Narnian Raspberry a few times"
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