1. short for "lunatic". A crazy person. This term is derived from the phrase "crazy as a loon".
2. in Canada this word denotes a 1 dollar coin that has a loon bird on one side. A Canadian 2 dollar coin, which has a polar bear on one side is called a "toony".
1. The loony is on the grass.
2. At the University of Toronto I talked to a student there and I mentioned seeing the word "loonies" on a video game in a bar nearby. I told her that in America a loony is a lunatic, that the word means that someone is nuts. She said it used to mean that in Canada too, but the meaning changed when the coins were introduced.
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