Lol meaning : (British commonwealth) Loyal Orange Lodge, a prefix given to all branches of the Loyal Orange Order. For example, LOL 1 is Portadown branch. (sometimes derogatory) Little old lady. To laugh out loud. Laughing (or laugh) out loud. Lots of laughs. (occasionally used) (by dilution) Indicates light-heartedness or amusement, or that the accompanying statement is not intended as serious. (letter-writing) Lots of love.