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This used to mean laugh out loud but honestly nowadays most people aren’t laughing out loud when they respond with lol. They probably don’t even think what you said was funny, just amusing.
Johnny: “Texts a stupid knock knock joke...”
Cara: “lol”
lol is an word that means the following "Laughing out Loud" and its used when something is funny.
Person 1: "I just walked in some dog poop"
Person 2: "Lol!"
Laughing out load
When you get something funny texted to you but you only laugh like ha.
Person 1: Knock Knock
Person 2: Whos There
Person 1 :Me
Person 2: Me who?
Person 1: No just me
Person 2: LOL
Ps: Life Is Gerbal My Air