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Someone who is not necessarily a loser, but tends to get along with and befriend people who are considered losers by the majority.
Man #1-"Dude, your friend's 35 and living at home still. You're a loser magnet."

Man #2-"Yea, but he's cool though. It's not we are going to hang out over at his parents' house."
by Busta Nuttz August 16, 2011
Loser Magnet: someone whose "love" is a stack of wooden nickels made from the feculent end of a stick someone else was too smart to grab.
Don't be a loser magnet. Never shop for a used personal vibrator when you're drunk. No one has ever successfully shopped for a lover while depressed.
by BobbyRayM December 29, 2007