lollerskates interj. used to express laughter or hilarity, although often used ironically or satirically in emulation of people who overuse acronyms, chatspeak, emoticons, or elite-speak. Editorial Note: This term is usually used only online. The spelling is an indicator of how LOL is often pronounced when spoken aloud. Lollerskates tends to be used with roflcopter. A well-known Flash game, perhaps based upon an earlier ASCII animation, helped spread both terms. Etymological Note: From LOL βlaughing out loudβ + rollerksates. (source: Double-Tongued Dictionary)