Subject: According to the Urban Dictionary...
Author:
Posted on: 2008-10-25 03:09:00 UTC

(the reliability of which I know nothing about - I googled)

http://www.urbandictionary.com/define.php?term=lulzcow
lulzcow
An ass clown. Someone who provides many lulz from their own ridiculousness.
Bill: Did you go to that link I sent you the other day?
Ted: Yeah, that guy was a lulzcow.


To follow the linked references...


http://www.urbandictionary.com/define.php?term=lulz
lulz
Beginning as a plural variant of lol, Lulz was originally an exclamation but is now often used as a noun meaning interesting or funny internet content.
Lol -> lul; lols -> luls; lolz -> lulz.
Lulz is the one good reason to do anything, from trolling to rape. After every action taken, you must make the epilogic dubious disclaimer: "I did it for the lulz".

http://www.urbandictionary.com/define.php?term=ass%20clown
Ass clown
(ás kloun) n.:
one, who, through the fault of his parents conception, is a skid mark in society's collective underwear.


And from Encylopedia Dramatica...


http://www.encyclopediadramatica.com/Lol-cow
A lol-cow is a victim of a Flame War who can't help but be milked for lulz time and time again. They have a compulsive need to give up as many laughs as possible at their own expense despite themselves.



So, if I'm reading this right, it means... well, it's certainly not polite.

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