Most commonly used as the phrase "laugh out loud" in IM conversations. A less common use however is the phrase "lots of love" which is used at the end of conversations.
CoolGuy47: I think i am gonna go to bed now.
SeXyChik99: ok. Bye. lol <3
(in this case it would be lots of love)
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laugh out loud. an internet abreviation
he died. lol. or i went to see team america. it was funny lol!
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A short way to express laughter in typing, rather than type "ha ha" which might be mistaken to somebody as a more offensive laugh. A more convenient way to express laughter than "I'm laughing hard." If it is said in person, this could mean the speaker is incredably lame, stupid, or ignorant, or is addicted to games.
John: So my friend got tripped today.
Jim: Ha ha!
John: Hey, shut up, he wasn't expecting it!
Jim: Err.. what I meant to say was: lol that sucks
John: Oh, okay.
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something that people say when they have nothing else to say, on msn.
--Person<33says: Hey
-spleak says: hi
--Person<33says: sup?
-spleak says: nm u?
--Person<33says: same boored
-spleak says: lol
--Person<33: lol
-spleak says: laugh out loud
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L=Laugh O=Out L=Loud => Laugh out Loud
-Man, you dress like you are a middle-aged King
-LOL
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Used by the lowest of degenerates.
Just means no in a happy/enthusiastic way.
Person 1: You're so fucking stupid LOL
Person 2: NO LOL
Watching an anime primarily because it has loli character shenanigans in it.
Dude 1: So you really think Strike Witches is that great of an anime?
Dude 2: Nah, not really, I'm just in it for the lols.