The phrase often implies making the best of a situation by finding humor, instead of being overwhelmed. Missed the bus and it started to rain, but you've got to laugh, right?
Pro Tip 2/3
Colloquial Humor
It's a casual phrase not suitable for formal situations, often used among friends or close acquaintances. Lost my keys again – you have got to laugh!
Pro Tip 3/3
Light-Hearted Tone
Using this phrase can show that you're not taking an unfortunate event too seriously and staying positive. The cake I baked sank in the middle, but you've got to laugh.