Laughing Out Loud

"lol", what is it? Lets see...

http://www.computerhope.com/jargon/l/lol.htm reads:

LOL:

Shorthand for Laughing out Loud or Laugh out Loud, LOL is the most commonly used chat expressions to illustrate you are laughing during a text conversation or that you found something funny. LOL is also less commonly short for Lots of Laughter and Laughing on Line and is also often substituted by LAL, LAWL (Laughing a Whole Lot), and LOLZ. Although already an abbreviation LOL is also sometimes abbreviated even more as LL.

Finally, LAWL is also used as a slang term that phonetically spells out 'lol'. This is often said in the real life or over VoIP by someone who may type in lol a lot in chat.

A whole lot of bull crap rite? Check out the illustrations below!

LOL!