But I'm not talking about boring old English. In French (which, remember, people love to hold up as an example of a sensible language with a prescriptive Academie Francaise to uphold the standards of purity in the language) they've only gone and verbed it there too!
As you might expect, it's an -er verb, the 'default' conjugation (see Steven Pinker's 'Words and Rules' for a lay-person-friendly explanation of default inflections). This means you get this paradigm:
je lole(I totally just conjugated that from memory so it may not be absolutely accurate.)
Notice that this is an English acronym with French morphology applied to it. A knowledgeable colleague told me today that French has its own acronymic (yes, it's an initialism, not an acronym, whatever) equivalent of FML. It's VDM, or 'vie de merde', apparently. Go French.