Definitions for LOL
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Wiktionary
lol(Interjection)
Used in song as a nonsense syllable.
LOL(Verb)
To laugh out loud.
LOL(Interjection)
Denotes light-heartedness or that the thing just said was not intended as serious
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"LOL." Definitions.net. STANDS4 LLC, 2013. Web. 19 May 2013. <http://www.definitions.net/definition/LOL>.