So he's trying to argue all lolcows are simply misunderstood geniuses.
In the case of Terry Davis, okay, maybe, there is some genius there, but it's warped, distorted, and buried by a ton of crazy.
In the case of most lolcows, this is a bullshit argument. Attention whoring is not an intelligent act, and even those that do it successfully generally can bring something other than gross, weird, or malicious acts to the table to get it.
Also, he's trying to argue lolcows are simply nonconformists the normal people mock, but says that because the normal person doesn't understand they match to the beat of a different drum.
That's also bullshit, because we very well understand it, it's just the beat they march to leads to bizarre, socially unacceptable, and even criminal activity.
In short, unless you can make self mockery a successful profession, being a lolcow is not a mark of pride, and even those that can make self mockery and self deprecatory activity so their mockery can be galvanized towards a social and even commercial end know there are societal barriers they must adhere to before their antics are no longer tolerated, profitable, and positively accepted.
tl;dr: We live in something called "civil society", which has rules, customs, and expectations, and those that defy that get noticed, become lolcows, and get laughed at. Maybe one or two might be a misunderstood genius, but if they were, they'd know where to draw appropriate societal lines .