A mixture of the words "loaf" and "hopeless". When you are loafing about and start thinking of everything you should be doing. This makes you feel sad and leads to you thinking of everything else you have done wrong in life, causing you to loosehope in the process.
Friend: Hey dude, you want to come over and hang?
Subject: Sorry dude, I'm feeling utterly loafless at the moment.
Friend: ... ok... You wanna talk about it?
Boys who enjoy yaoi (a genre in Japan that contains sexual and/or romantic relations between two men); literally translates to "rotten boy"; corresponding female : fujoshi