text: what is lolz?   things commonly known as lol or by the three letter acronym lol include:  laughing out loud — internet slang indicating laughter  lol — a weapon used in the video game tron 2.0  loyal orange lodge  lol — the game series of lands of lore.  lol — the playstation game legend of legaia.  lol — the defunct television soap opera love of life.  derby field in lovelock, nevada.  laurence "lol" tolhurst; former member of the cure and co-founder of levinhurst