Victory of the people
A modern American creation, likely formed by combining the popular French prefix 'La' with the name Nicole. Nicole itself is the French feminine form of Nicholas, which is derived from the Greek name Nikolaos.
Less common today
Lacole isn't in the latest US Top 1000. It last peaked at #6,315 in 1990.
US births per 5-year period, 1990βpresent (SSA data).