Is it wrong or is it write?

Reed has been steadily learning how the sounds of letters, when put together, make words. He's been able to read simple words (think Hop on Pop) and recognizes other words, like his name. He's very proud of himself and excited about his progress.

Tonight, while Tim and I ate a late dinner, Reed sat next to us and colored a picture. Then Tim flipped the paper over to the back side and began writing different family member's names to see if Reed could read them. He recognized (not sure he actually "read" them) Lane, Maren, Tim and Lorna. But then he sounded out and read Todd (his uncle), Mema and Poppa (his grandparents). He didn't do so well on Susan (his aunt), or Marshall and Mitchell (his cousins). But hey, he hasn't learned blended consonants yet, so those last two are hard.

I guess Reed was tired of us quizzing him, so he decided to turn the tables. He began writing "words" and telling us to sound them out and read them.

His first word started out with the letters "LOL." Tim said "Lots of Love!" I, being so much more technologically advanced than Tim, knew exactly what it was. "Laughing out Loud," I said. But no, Reed wasn't finished with the word. Here is what he wrote:

Hmmm. Tim and I both asked, "What word is it?"

"You know!" Reed replied. Um, no we don't, Reed.

"Well, sound it out!"

So, tell us please. What do you think the word is?