The name stood for Lulz Security - in which "Lulz" is derived from the popular internet term "lol", meaning "laugh out loud".

BBC: UK Lulzsec hacker Ryan Ackroyd pleads guilty

The group is also known in longer form as Lulz Security - where "Lulz" is a play on words of the popular internet phrase "lol", meaning "laugh out loud".

BBC: 'Lulzsec hacker' latest to be arrested in US

Remember: Limitation of liability (LOL), your response should be Laugh Out Loud.

FORBES: The Art of Theft: How Corporate Fiduciaries Steal From American��s Pensions (February 2, 2005 )