An acronynm (similar to
Laugh out loud) meaning 'Laughs at you'.
It can also mean 'you are lame' due to the
connotation of the word and the fact that backwards it is
UAL.
jimmy: today i ran 5
dungeons on WoW but realized i forgot to eat anything today...
ted:
Lau. WoW
is lame making you, subsequently, lame.