Bingowings said:
When I was young LOL meant 'lots of love' (a bit like SWALK being 'sealed with a loving kiss').
That's funny. I recently heard a story from a coworker who told us of a friend who thought that in modern electronic discourse that is exactly what it meant. So when this friend heard that another friend had lost her husband, she sent a mass email to the friend and all else involved in the discussion that said, "So sorry for your loss. LOL." Oops.