"looolyd" is a hastily drawn figure in Microsoft paint of the played character in the Modern Warfare series to respond to a thread made by an user namned V.A.C.uum on the Steam User Forum (now banned for excessive swearing) complaining over the realism of being able to knife people while having akimbo weapons (One weapon in each hand) "realistically" rendering an individual unable to quickly knife an opponent.

"looolyd" was first drawn by an user named Alex4Life and later cooperated with another user named Coeco (also banned due to being infamous on the forums for his past sneaky but clever trolling history) and as the two tossed the character concept back and forth, openly taunting the supposed "realism" that the series was supposed to have, they were greeted by massive praise as the thread was quickly gaining thousand of views thanks to "looolyd".

Eventually some time later, the moderators began sending out warnings through infractions to users posting in the thread for going off-topic and a variety of other reasons ending with "looolyd" slowly fading into the history of the Internet..

Original thread: http://forums.steampowered.com/forums/showthread.php?t=1134883