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1) The random loaf of bread which is supposedly sitting on the kitchen counter according to your parent(s) but is, in fact, not.

2) The opposite of a loaf of bread- made of Anti-bread-matter. Non-existent loaf of bread.

3) Any position a cat may assume that is not in the shape of a loaf of bread or boxcar.
Daughter: "Mother, where's the bread?"
Mother: "There should be a loaf on the counter."
Daughter: "I see no Counterloaf."
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Brother: "Look at the kitten, he's counterloafing. It's like he tried to loaf, but fell over."
by Kinomora December 28, 2011
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