Getting payback to some person. Particularly a person that stabbed you, not literally, in the back.
"You may have just pranked me, but I will get the last laugh" Tom said just before he pranked Billy.
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To win a conflict, especially one that was either long winded, strong, or both.
Just you wait, freak, I will get the last laugh over you!
When you roll a dead body over and air escapes out of the body’s rectum.
I rolled a dead guy over one time and the guy queefed right in my face.
Oh dang dude he gave you the dead mans last laugh.