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Well as two folks who played in bluegrass bands for years ... that was cool!

I will take as an honor coming from y'all!!

I got the idea of lol after reading "A guide to Appalachian Mountain slang" which suggested that lol means Low on Liquor in the mountains. After a chuckle I thought it could be a fun song.
I have taken on board your banjo suggestion. Many thanks to you both for your lovely and appreciated input.