First of all, the whole muppet role play thing is intriguing. Anyone who incorporates FTW into their team name pretty much commands respect and attention. #hashtagI get lol. I do not get lolol. Somebody not influenced by Jim Henson please elaborate.
I thought it was just redundant... people type lol all the time, without *actually* laughing out loud, so now it makes sense to some people that one could laugh out loud out loud, as opposed to laughing out loud silently like they usually do.