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A jagloader is one who loads jags, in other words, is absolutely worthless. No one knows what a jag is, and no one cares. It has a nice ring to it, and thus may be used when you want an expletive that makes the listener uncomfortable and confused.
Example 1:

Mr. X: "I'm sorry, Bill, but your performance ratings have been down for some time now. We're going to have to let you go."

Bill: "That's okay. I was thinking about quitting anyway after I heard your wife was a jagloader."

Example 2:

Bill: "Those jagloaders down at the supermarket charged me double for these beans!"

Mr. X: "Snakes on a plane, man. Snakes on a plane."
by E. Johnson April 12, 2006
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