diff --git a/configs/olimex-lpc1766stk/README.txt b/configs/olimex-lpc1766stk/README.txt
index 308d704b4bb..10fc3917002 100755
--- a/configs/olimex-lpc1766stk/README.txt
+++ b/configs/olimex-lpc1766stk/README.txt
@@ -248,11 +248,44 @@ LEDs
 
   - configs/olimex-lpc1766stk/src/up_leds.c - LED control logic.
 
-  The LPC1766-STK has [tbd] LEDs...
-  If CONFIG_ARCH_LEDS is defined, these LEDs will be controlled as follows for
-  NuttX debug functionality (where NC means "No Change").
+  The LPC1766-STK has two LEDs.  If CONFIG_ARCH_LEDS is defined, these LEDs will
+  be controlled as follows for NuttX debug functionality (where NC means "No Change").
+  Basically,
 
-  [To be provided]
+  LED1:
+  - OFF means that the OS is still initializing. Initialization is very fast so
+    if you see this at all, it probably means that the system is hanging up
+    somewhere in the initialization phases.
+  - ON means that the OS completed initialization.
+
+  LED2:
+  - ON/OFF toggles means that various events are happening.
+  - GLowing: LED2 is turned on and off on every interrupt so even timer interrupts
+    should cause LED2 to glow faintly in the normal case.
+  - Flashing. If the LED2 is flashing at about 1Hz, that means that a crash
+    has occurred.  If CONFIG_ARCH_STACKDUMP=y, you will get some diagnostic
+    information on the console to help debug what happened.
+    Will 
+
+  LED1  LED2      Meaning
+  ----- --------  --------------------------------------------------------------------
+   OFF   OFF      Still initializing and there is no interrupt activity. 
+                  Initialization is very fast so if you see this, it probably means
+                  that the system is hung up somewhere in the initialization phases.
+   OFF   Glowing  Still initializing (see above) but taking interrupts.
+   OFF   ON       This would mean that (1) initialization did not complete but the
+                  software is hung, perhaps in an infinite loop, somewhere inside
+                  of an interrupt handler.
+   OFF   Flashing Ooops!  We crashed before finishing initialization.
+ 
+   ON    OFF      The system has completed initialization, but is apparently not taking
+                  any interrupts.
+   ON    Glowing  This is the normal healthy state: The OS successfully initialized
+                  and is taking interrupts.
+   ON    ON       This would mean that (1) the OS complete initialization, but (2)
+                  the software is hung, perhaps in an infinite loop, somewhere inside
+                  of a signal or interrupt handler.
+   ON    Flashing Ooops!  We crashed sometime after initialization.
 
 Olimex LPC1766-STK Configuration Options
 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
diff --git a/configs/olimex-lpc1766stk/include/board.h b/configs/olimex-lpc1766stk/include/board.h
index 22d77a1dd66..0d0b85809de 100755
--- a/configs/olimex-lpc1766stk/include/board.h
+++ b/configs/olimex-lpc1766stk/include/board.h
@@ -125,14 +125,14 @@
 /* LED definitions ******************************************************************/
 
                                       /* LED1 LED2 */
-#define LED_STARTED                0  /*  OFF  OFF */
-#define LED_HEAPALLOCATE           0  /*  OFF  OFF */
-#define LED_IRQSENABLED            0  /*  OFF  OFF */
-#define LED_STACKCREATED           1  /*  ON   OFF */
-#define LED_INIRQ                  2  /*  NC   ON  */
-#define LED_SIGNAL                 2  /*  NC   ON  */
-#define LED_ASSERTION              2  /*  NC   ON  */
-#define LED_PANIC                  2  /*  NC   ON  (flashing) */
+#define LED_STARTED                0  /*  OFF  OFF = Still initializing */
+#define LED_HEAPALLOCATE           0  /*  OFF  OFF = Still initializing */
+#define LED_IRQSENABLED            0  /*  OFF  OFF = Still initializing */
+#define LED_STACKCREATED           1  /*  ON   OFF = Initialization complete */
+#define LED_INIRQ                  2  /*  NC   ON  = In an interrupt handler */
+#define LED_SIGNAL                 2  /*  NC   ON  = In a signal handler */
+#define LED_ASSERTION              2  /*  NC   ON  = In an assertion */
+#define LED_PANIC                  2  /*  NC   ON  = Oops! We crashed. (flashing) */
 
 /* Alternate pin selections *********************************************************/