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Related, focuses on the Boston origin mentioned in the Wikipedia article:
https://www.youtube.com/watch?v=1UnIDL-eHOsThe most compelling explanation of the etymology that I’ve seen is that there was a meme where people would deliberately misspell short phrases, and one of the most common ones was to spell “All Correct” as “Oll Korrect”
They didn’t just have lolspeak; they also had cat memes.