This is laugh worthy, harharhar
to pronounce it correctly it must be said like an upperclass twit.
example,
person one 'I never use facebook'
person two 'Lolswaorths'
shorter name for the conservative - liberal democrat coalition we have in the UK at this present time.
often used as a pun to show annoyance at another silly policy.
dude 1: the government is getting rid of child benefits.
dude 2: well I Con-Dem them for it.
dude 1: I dislike this government.
dude 2: so you Con-Dem it?