Joining in with an activity/task for no other reason than to have a laugh.
James: 'Tony, will you help us build a shelter for endangered possums this weekend?'
Tony: 'OK but I'm only In it for the Lols'
or
Will: 'Fred why do you bother coming to college, you never learn anything?'
Fred: 'I'm just in it for the Lols'
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The act of not putting any effort into revising for exams (hence the CBA) but still getting and A* or equivalent good grade.
Person 1:'I didn't revise at all for my French exam but I still did really well'
Person 2: 'Looks like you got a CBA*'
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