Lolz - What does lolz mean?

Lolz is short for "Laugh out louds." See an example of how people use it.
Lolz is the plural version of LOL, where the z takes the place of an s (because it's more fun). People often use it the same as LOL, but it also implies the person who used it is laughing for an extended period of time.

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Cut my hair lolz don't be mean