It's basically just an internet based game thing, some of it is fairly random but also pretty amusing. I have just reccently adventured in Cobb's Knob, and beaten the Knob King with a storm of mustard sauce ..... see what I mean about the randomness ?
It does take some getting used to, I wasn't really feeling it until I had done a few adventures, there is also a million and one things that will be confusing but if you just check the KoL wiki for things you will get the hang of it in the end!
I would like to, but I'm such a terrible player in any games, that I would be better off not playing while others watched LOL. Beside, I really couldn't afford to if it meant having to pay.
Additionally, Transcendental Noodlecraft and The Way of Sauce now allow you to summon 5 noodles or reagents per day, if you have the Pastamastery or Advanced Saucecrafting skills.
Would I be right to assume that this game is, shall we say, nutty as an acorn? I'm not sure if even I, with an exeptional random mind, would comprehend even the sign-in.
A lot of people in my school used to play, it was a fad that passed recently. It's humorous to watch, but not my type really. It's really clever though.