LOL value
LOL value, shortened to LOLVE, is a way of quantifying the severity of laughter caused by something. LOLVE stands for Level Of Laughter Value. Measured by a scale of one to ten, the lower the score, the lower the quality of laughter there is.
"How Gouda was my cheese pun?"
"Too cliche, but still punny, so 5.5 LOLVE (LOL value)."
"Too cliche, but still punny, so 5.5 LOLVE (LOL value)."