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1.
Engaging in pointless efforts and defending them as useful.
Even though Billy stood bored in the outfield, he spent the afternoon loxing non-stop about how he benefitted the team.
by Rad Corruptor September 16, 2006
 
2.
Loxing means to masturbate. Like, you know, pleasure yourself.
Doris: Why is there a cucumber hanging out of your fangita??

Dave: Oh you know, I'm loxing.
by Hannah A November 09, 2006