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Lolzo is equivalent to cry over spilt milk which i something you laughed about and regret doing so. Lolzo stands for Laugh Over Liquified zesty Oathmeal.
"Shaun really shouldn't have laughed at lisa as the same thing happened to him today..karma is a bi***"
'Well he definetley Lolzo"
(Noun) The type of person who never know what is going on, and constantly makes jokes at every given opportunity.
"Bro the new kid is always making jokes"
"Yeah hes a lolzo"
It's a someone that laughs out loud a lot and is a bozo.
Lolzo person: "Hi!"
Me: "I don't wanna talk to a lolzo, moron."