Similar to turd cutter, loaf pincher is used to reference any type of ass worth mentioning, good or bad, preferably good. Occasionally abbreviated as just "LP".
"Damn Ben, did you see Nicole's loaf pincher in those jeans today? Sick!"
The Sexual Act of putting your male genitalia inside of an awful hot coffee pot, and then keeping it there until you can not feel your penis anymore. Then, Ram Jabbing your partner until they suffer and die due to a stroke.
Michael has a two-incher pincher because he thinks his hot shit at Call Of Duty Modern Warfare 2 and has prestiged 4 times. Ohh yea and don't forget the fact his dad randomly beats the shit out of him with his belt while Michael is trying to prestige 5 times on Call Of Duty Modern Warfare 2.