Generally speaking, the smart, creative kids in high school. The ones who do things actually worthwhile rather than tossing a football around and dressing like clones. They don't care about being popular and this pisses the popular people off. Losers tend to be very open minded and caring individuals. As opposed to the superficial, judgemental jocks. Additionally, losers are the real winners of life. After enduring four years of bullshit they get to enjoy a long life of prosperity. It's the opposite for the dipshit jocks who fucked around in school. Its a fair trade off, if you ask me.
A word used by manipulativenarcissistic sociopaths to compare themselves with people who may not be interested in conforming to a specific social group or belief system. Those who use this toxic word in a discriminatory context are usually ignorant and have no consideration or respect for others.