Hilaribad
Something that is hilarious and bad at the same time.
Teacher: This is your third time you didn't do your homework, James. Come to my class at lunch, we need to have a serious talk.
Observer Student 1: Rofl, James got owned!
Observer Student 2: LOL, seriously, that was hilaribad!
Observer Student 1: Rofl, James got owned!
Observer Student 2: LOL, seriously, that was hilaribad!