Answer: LOLZ

"Lolz" is an informal term that originated from internet slang and it is an alternative way of spelling "laughs" or "laughter." It is often used to indicate amusement or humor in online conversations.

Note: The provided meaning of the answer is for the latest New York Times crossword puzzle clue: Hilarity, in an internet-y spelling. Explanations are generated by AI and may be inaccurate.