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You encounter something that contains so much hilarity that you realize will make you laugh for a really long time. However, you do not want to laugh for such a timespan so you compress the laughter into the phrase 'lulz to lulz'. It is is as though you went through a 10 minute laugh in a second.
Person 1: Hello there. I was on an online physic website where people predicted my future.
Person 2: A physic website as in a science website?
Person 1: Wtf are you talking about.
Person 2: Lulz to Lulz
Like lol, except lulzier. Something is generally done to generate said lulz.
Man 1: Why'd you drive your car off a cliff?
Man 2: I did it for the lulz.
When a member of "Anonymous" baits a member of the Church of $cientology into saying or doing doing something so idiotic that it's funny.
"We gotta lotta lulz when that $ci-Fi mouthpice called us "little terrorists" in the newspaper".
Noun.
Plural for common e-abbreviation LOL: "I am laughing out loud" ("Laughs" that I have made/am making out-loud).
Thus LULZ is "Multiple laughs, had out-loud". (I am having/have had) Laughs (made) Out-Loud".
Used in the precisely the same sense of the noun "laughs" as plural of a single laugh.
This is as opposed to the second/third person singular of the verb "to laugh" (i.e. "you/he/she/it laughs).
As with "We did it for the laughs (out loud).": "We did it for the LULZ."
Or "I went on the Tea Party website for (the) LULZ."
Note that placing the article "the" in front of LULZ is optional.
encyclopedia dramatica loves the word so it can't possibly be good. Don't worry it's not. It's something overweight basement dwelling losers (read Encyclopedia dramatica writers and fans) use to justify everything they do.
rational thinker: hey what did you do over the weekend.
Encyclopedia Dramatica user: spent hours downloading gay porn to put on Encylopedia Dramatica.
Rational thinker: Oh that's pretty weird man, No wonder you live in your moms basement.
Encyclopedia Dramatica user: No I did it for the "Lulz"