Bodily waste discharged through the anus during defecation; excrement. I. E. the solid excretory product evacuated from the bowels.
Assloaf is also commonly used as an insult to the incompetent and idiodic.
Jimmy, will you excuse me? I must go pinch an assloaf.
Matt, why did you leave the MVP Baseball 2005 on all night and not save it, You fucking assloaf?