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Basically "Laugh Out Loud" abbreviated but the first and last letters are capitalized for aesthetics. Not to be confused with "League of Legends" which is also intentionally capitalized as such.
A: Watch this video
B: LoL it's funny
A: Why League of Legends it sucks
B: I'm laughing out loud, not League of Legends
The joke, Inside a joke. You made it!
i got something to do lol
LOL is used when someone dose something funny or fails at a trick and etc because LOL stands for Laugh Out Loud because it's so funny
"Steve *falls* LOL hahaha" or "Steve :" I drank 2 bottles of beer and I don't feel good" You: LOL that's what you get for being a jerk
lol means ,,laughing out loud,, or ,,lots of laughs,,
Person1:My teacher tripped today in front of the whole class and fell on the floor.
Person2:Lol really?