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 biggest lie in internet history.
Person 1: lol
Also Person 1 in real life: :|
locked on liquor (humorous interpretation of commonly used acronym lol)
*in texting*
I don't understand a bit of this, lol.
Locked on liquor.
Lots of LANVIN; used to describe someone of considerable wealth
She’s LOL. Didn’t you know about her family’s money?
Lol stand for
Luigi
Over there
Looking THICC
Lucas: Oh look over there
Lukas: Oh LOL