Man: ... so i said to the waitor, get me out of this wet clothes and into a dry martini!
Jews: *flop*
Man: OH NO! all 6 million of my jewish friends just died! The lolacaust has started!
By Gae
Lolacaust
A synonym of "LOL" (laugh-out-loud) that funny to the extent that the Holocaust was terrible.
So, in effect, terribly funny. You can't stop laughing, it hurts.