The word became so popular that various other OIFY users are using it when someone gets banned.
As of 2007-12-18 the OIFY user Rambo_6 gave it a new meaning. It became the OIFY meme.
Woutsie: lolbend ;)
however, it is also used as a no nonsense, no braincells reply to just about anything.
if someone is banned in a thread, all replies until the thread dies will be lolbend, despite all attempts at actual posting.
User1: "haha admin is dumb" *BANNED*
User3: "oh my god let this retarded fad die, just let it go."