The phonetic spelling of the term lol when mispronounced. Used to mock the incorrect pronunciation of lol by non internet savvy people in real life. Lol is pronounced as a single word lol and not as l.o.l
used in real life - "I was on aim and told stacie I fucking hate Brian. Jk, el oh eL."
used on the internet - "HAY GUYZ I REALLY LOVE MTV EL O EL"