As is the case with the innumerable myths about dip (i.e. fiberglass, etc), this is one of those rumors that has developed over time. Keep in mind that that wiki answers post was answered by some kid behind a computer somewhere, not a reputable source. The 0-12 that was visible under the bar code of grizz tins until the late-2012 redesign was for inventory organization of the actual stickers that went around the cans when they were packaged.
Answer: LOL is one of a few common acronyms for laughter. It stands for Laughing Out Loud. You will also see variations like LOLZ (a version of LOL, ROFL (Rolling on Floor Laughing), and ROFLMAO (Rolling on Floor, Laugh My Ass Off). In the United Kingdom, PMSL is also a popular version of LOL.
Top definition. lulz. Beginning as a plural variant of lol, Lulz was originally an exclamation but is now often used as a noun meaning interesting or funny internet content. Lol -> lul; lols -> luls; lolz -> lulz. Lulz is the one good reason to do anything, from trolling to rape.