Laugh Out Loud
The list of acronyms "grows by the month" and they are collected along with emoticons and smileys into folk dictionaries that are circulated informally amongst users of Usenet, IRC, and other forms of computer-mediated communication. These initialisms are controversial, and several authors recommend against their use, either in general or in specific contexts such as business communications.
LOL was first documented in the Oxford English Dictionary in March 2011.
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