This word has two meanings. ‘laugh out loud’ and ‘lots of love’
person 1: hey I can’t make it I just found out my aunt died.
person2: I am so sorry to hear that LOL
this stands for 'laugh out loud' but is more regularly used when you don't know what to say.
person A: look at this picture of the floor
person B: lol
Meaning "Laugh Out Loud," this is generally used in text messages and social media comments. It was originally only used by frequent Internet users (somewhere in the early 2000's), but now has become infected by the soccer moms and grandmothers on the Internet. This is also referred to as "normitis," or normificus-infectivitis, in which a person, place, or thing is consumed by outsiders, normies, parents, teachers, etc. Some of the normies, mothers, etc., are confused on it's actual meaning. (See ex.b)
ex. a
"LOL thats a funny meme friend! Would you enjoy another hilarious meme I found on Facebook?"
"Sure!"
ex. b
(in a text message)
"My brother just passed away. We are having his funeral Sunday."
"That's so sad! LOL!"
"What?"
"I said that's so sad! LOL!"
"Why are you laughing?"
"I'm not!"
"Yes you are! You're saying LOL!"
"LOL means Lots Of Love!"
"...no it doesn't."
Lots of love is what it means, sometimes with a crying emoji if it is sad.