Definition of "lulz"
lulz
noun
uncountable
(Internet slang) Fun; amusement; humor; especially schadenfreude.
Quotations
the antics of the Goons and /b/tards might actually sharpen our ability to make that distinction. To those who think the griefers' handiwork is simply inexcusable: Well, being inexcusable is, after all, the griefers' job. Ours is to figure out that caring too much only gives them more of the one thing they crave: the lulz.
2008 January 18, Julian Dibbell, “Mutilated Furries, Flying Phalluses: Put the Blame on Griefers, the Sociopaths of the Virtual World”, in Wired, issue 16.02
Like “Hakuna matata” in The Lion King, “lulz” is not just a word, but a philosophy. [...] Anonymous has made campaigning sexy for the first time since 1968. The lulz is, after all, the ancient spirit that once made the young become Marxists, or sail off to the New World.
2008 June 20, Tom Whipple, “Scientology: the Anonymous protestors”, in The Times
“Lulz” is how trolls keep score. A corruption of “LOL” or “laugh out loud,” “lulz” means the joy of disrupting another’s emotional equilibrium. “Lulz is watching someone lose their mind at their computer 2,000 miles away while you chat with friends and laugh,” said one ex-troll who, like many people I contacted, refused to disclose his legal identity.
2008 August 3, Mattathias Schwartz, “Malwebolence - The World of Web Trolling”, in The New York Times