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lulz Noun --- (lul-zz)

Definition:

1. The act of entertaining oneself with the misfortune of others; an agreeable occupation for the mind
2. Something affording pleasure, diversion, or amusement, esp. a performance of some kind
3. The essence which can be derived from an epic win.

Usage:
We did it for the lulz

Synonyms:
Entertainment

Etymology:
A corruption of lol, which stands for "Laugh Out Loud"