Literally meaning,
"Laugh out loud, what?"
Something you might say when someone says something awkward or something that makes no sense, but is still funny in a certain way. Often used in IMs and forums, this is, of course, a retardation of a phrase.
Nerd 1: oh sry dood, i wuz just attackd by super flying ninja monkey mutants.
Nerd 2: LOL WUT???
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