laughable; inciting outward laughter
Michael Moore proves time and again that money can be made off truly lulzy events.
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Something that is worthy of laughter/being laughed at.
That joke was so lulzy.
Her haircut is fucking lulzy.
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Rarely heard outside of a few people, "lulzies" is a more whimsical way of loling. If audible, one would hear "teehee"
Sarah: "Oh my god I love unicorns! I can haz unic0rnz?!?"
Brooke: "lulzies, you're so funny!"
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It's used in an insulting fashion, instead of saying someone is gay, you say they are "Lulzy".