It seems the Internet is powered and populated by Cats from what I’ve seen. And it seems this corner of the Interwebs will be invaded by LOLCats too.
Quick primer – Take an image of a cat. Add a few funny or appropriate comments (Ideally in IMPACT font). Add childlike language. Boom. You can haz LOLCat!
However, LOLCats have a lot to do with frequent flying. And over in the BMI forum of FlyerTalk, the LOLCats are out in force in YouCanHasBMI.moan
So lets begin the LOL’s on GhettoIFE by summing up the fight for British Midland Airways (BMI and BMI Baby) with IAG (British Airways) and Virgin…
LOLCats will feature on GhettoIFE when I feel the urge to post them, and when the cats are awake. 
For more on LOLCats, head to the Wiki entry, or just head to icanhascheezburger.com