The Last Laugh is a highly regarded unique two-handed sword in Last Epoch, known for its strong melee damage and useful combat effects. It is based on the Imperial Warblade weapon base and offers a mix of raw damage and utility that makes it a popular choice for melee-focused builds Last Epoch Gold.

Key Stats and Effects
1. The Last Laugh provides a flat +40 melee physical damage bonus on top of its base damage, which is around 53 physical damage. This significant flat damage boost enhances the effectiveness of melee skills, especially those tagged with melee damage.
2. It has a weapon range of 2.4 meters and a base attack rate of 1.06, making it relatively fast for a two-handed sword[.
3. One of its signature affixes is a 10% to 25% chance to apply Shred on melee hit. Shred reduces enemy armor, allowing you to deal more damage with subsequent hits and making it a powerful finishing weapon.
4. The sword also grants +5 Strength, which further boosts melee damage and survivability.
5. Additionally, it offers a 5% chance of melee critical strike if your dodge rating is below 100, encouraging players to consider dodge and crit synergy in their builds.

Playstyle and Build Synergy
The Last Laugh excels in builds that rely on fast, consistent melee attacks and critical strikes. Its armor shred effect is particularly effective at quickly finishing off enemies with low health, giving the player "the last laugh" by ending fights swiftly. This makes it ideal for aggressive, burst-oriented melee characters.

Players on forums have noted that despite some weapons offering higher raw damage or increased melee damage percentages, The Last Laugh’s combination of attack speed, shred chance, and strength often results in superior DPS for many melee skills, especially those benefiting from flat damage and armor reduction. This synergy makes it a favored weapon for builds like Void Knight or Sentinel melee setups.

Comparison and Reputation
Among unique weapons, The Last Laugh is ranked highly for its balance of damage, utility, and speed. It stands out compared to other two-handed swords due to its armor shred mechanic and critical strike synergy, which can significantly boost damage output in both single-target and AoE scenarios buy Last Epoch Gold.

Summary
The Last Laugh is a versatile and powerful two-handed sword in Last Epoch, best suited for melee builds that capitalize on fast attacks, armor shredding, and critical strikes. Its strong flat damage, shred chance, and strength bonus make it a reliable weapon for players looking to maximize their melee DPS and finish fights efficiently.