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4.
Titties that hang below one's kneecap. Typically when speaking in terms of females with parachute bra's or undergarments that allow their tits to hang out regularly.
Grandma's nipples were all chapped from her loafers dragging on the ground; Damn bitch, if you picked up your loafers, all the neighborhood kids would stop trying to grab that shit.
by hi im TRiX January 14, 2009
 
1.
Person who is generaly lazy and likes to sleep in, watch TV, and do other various lazy activities constantly. Comes from the late 1700's when it refered to a sailer who tried to avoid doing work.
He woke up at 3 pm? What a loafer!
by chrysolite13 July 25, 2004
 
2.
Also a type of shoe.
Hey guys, look at my new loafers.
by himoshishou July 27, 2004
 
3.
A person who enjoys the very fine and enjoyable art form which requires lazing about, sleeping in, watching tv, possibly binging on junk food.

Not to be mistaken with a baker.
-C'mon, get outta bed! Sheesh, you're such a loafer!
-Hmmm, thanks...
by Lorelili June 20, 2005
 
5.
One who studies the art of loafing

Also see Loafing
"You're an excellent loafer, lazying around and stuff."
by Slackers April 05, 2003
 
6.
A big shit
Have you seen the size of that loafer i just had? It is fucking epic.
by Dozza13 April 24, 2014
 
7.
the act of getting head while eating a loaf of bread, while doing this you must wear a condom and stick in the bread after
last night was an excelent loafer
by nutter butter 91 January 17, 2009