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1.
a female with low morals and standards, also known as a slut
"dude look what that lowy is wearing"
"man she isnt wearing anything!!!!"
by cRo4LiFe January 03, 2006
 
2.
person of lower social status.
"that's such a lowy thing to do"
"your such a lowy"
by Shaun The Madknt February 27, 2005