Saying something really shitty, then fake laughing and saying "Just kidding, loooooooove you!". Originated with a player on the Fenrir server in the game Rappelz.
LalaLady just loves lala-ing people, but it's really annoying.
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When you do something really dumb like getting your head stuck in the fridge
Oh you got your head stuck in the fridge? I guess you're lala(ing) it