elaughulate
To ejaculate and laugh simulatenously.
Kevin: Man, I elaughulated so hard to this porn vid last night.
Matt: What was it?
Kevin: Midget porn.
Matt: What was it?
Kevin: Midget porn.
premature elaughulation
To laugh before the punchline.
Willy has a nasty case of premature elaughulation, I can't even finish my joke.
Elaughulation
Occurs when a man/or woman experiences an immense amount of pleasure during a masturbation session, so much so, that it causes them to laugh uncontrollably at the same time of ejaculation creating a feeling of extreme satisfaction with life.
Jim had elaughulation last month, I haven't seen him since!