This is the 7742nd most frequent Spanish word.
loles
"Loles" is Spanish internet slang meaning "laughs" or "fun," akin to "LOL" in English.
Loles is used as a colloquial term for laughter or something very funny.
Me contaron un chiste y no pude parar de reírme, ¡van los loles!
They told me a joke, and I couldn't stop laughing, the loles are coming!
Loles here refers to a time or activity full of fun and laughter.
Quedé con mis amigos para jugar videojuegos, ¡será una tarde de loles!
I met up with my friends to play video games, it will be an afternoon full of loles!
In this context, loles is used similarly to 'for the laughs', indicating humor or amusement as the purpose.