Roy: Hey, Billy Ray, what are you doin' out in town today?
Billy Ray: Ah, you know, just loafering around.
Billy Ray: Ah, you know, just loafering around.
by MericanMaster November 16, 2015

Titties that hang below one's kneecap. Typically when speaking in terms of females with parachute bra's or undergarments that allow their tits to hang out regularly.
Grandma's nipples were all chapped from her loafers dragging on the ground; Damn bitch, if you picked up your loafers, all the neighborhood kids would stop trying to grab that shit.
by hi im TRiX January 14, 2009

by Slackers April 5, 2003


by Chuck's Feeduck And Seeduck October 25, 2020

is a kind of shoe, like an oxford. Other countries may call it mocassin. They are called penny loafers because in the old days the shoes had a slit on top of it where a coin, a penny, a dime could be fitted, specially if wore by girls, in case they needed to make a phone call.
by laura dubcovsky May 15, 2007

by Yahoo Serious August 10, 2004
