Lolazo Posted in L Best definition Lolazo Lolazo!; from the english word Lol, only in spanish. VictoR: I know enlish dud. You: Lolazo! Lolazo: define #2 lolazo Peruvian slang for “fool”. See lolaso -Hay que ser lolazo para buscar esta palabra. How satisfied are you with the definition? Looking for Lolazo meaning? Delighted that you discovered the greatest determine on our web site! Recently this definition was actually observed 109 times.