There are three meanings
1. Laugh out loud
2. Lots of love
3. Fuck you I don't want to talk to you anymore
Mike:"Hey babe"
Sally:"Lol"
Mike:"Oh well fuck you"
This word is most common phrase of someone being themselves. No matter how much it’s used. It means it’s their thing and they just being themselves because they are showing how amazing there personality is.
Thalia: Lol
Simon: Oh yeah that’s your thing, and I love that you say that. It’s cute.
Lots of love (Source: Cate Blanchett on WMag’s IG live with Sarah Paulson)
Cate to a friend: Heard you broke your leg? LOL.
discreetly used in reply to indicate that the person is not interested in the conversation.
Myer: Hey! I got an A on my calculus test today.
Craig: LOL
Myer: You should've seen Kim's face!
Craig: LOL
Myer: I'm def gonna throw a party in my house tonight.
Craig: LOL
Myer: But after I clean Mom's vagina
Craig: What did you just say? HAHAHAHAHAHA
Myer: Shit! I meant CHINA
lol- laughing out loud
For all y'all adults out there lol does not mean "lots of love" it means LAUGHING OUT LOUD. So when your mom dies don't send your kids the text: "hey hun grandma just died lol : '(" NOT THAT HARD!!!
So for example oh my gosh lol that gif was so funny!