Term used to describe a useless spell for the Priest class in the MMORPG World of Warcraft. The actuall spell name is Lightwell, hoewver due to its absurdity people just laught at it whenever a Priest actually uses it, hence the name Lolwell.
The next Priest who casts a LOLWell is getting kicked from this raid.
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Laughs Out Loud Without Even Laughing. This word is used instead of telling a lie by saying 'LOL'.
Person 1: "Hahaha that was hilarious!"
Person 2: "LOL!"
Person 1: "No its LOLWEL, did you even laugh out loud?"
Person 2: "No."