Being loose whilst on ecstacy.

Original meaning "elusive" means - tending to evade grasp.

Thusly, e-loose-ive is to evade one's grasp of either reality, common sense, conscience or a mixture of these three.
jhutz: "fuck man, i was so loose last night aye... guess you could say I was e-loose-ive :)"
by omg i am wtf uber December 5, 2007
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