A corruption of lol, probably a leet variation, treated as if it were a noun rather than an interjection and pluralized in a deliberately unconventional manner.
"lolz." YourDictionary, n.d. Web. 13 December 2018. <https://www.yourdictionary.com/lolz>.
lolz. (n.d.). Retrieved December 13th, 2018, from https://www.yourdictionary.com/lolz
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