To choose something from other stuff
-You have lots of colours of this car to choose, so take your pick...
-I'll take the pink one.
-Gay.
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It's "Laughing out loud" and "Hacks" together, that basically means someone is cheating in some game, mainly FPS.
Gamerone: WTF, you just keep shooting only headshots!
Gamertwo: lolhax
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