loaft is a term used to discribe a person who is lazy with getting things done, eventually making them late for everything.
a loaft will be loafting, which is basically laying around.
a loaft is a loafter if they continuesly loaft
"where's kyle? he was supossed to be here 2 hours ago!"
"man he's probably at home loafting..."
*calls kyle*
"yo kyle man, are you almost here?"
"ya man like 5 minutes! Soon, okay? bye."
*hangs up*
"see i told you he was just loafting!"
"man kyle's such a loaft!"
Incorrect pronunciation and/or spelling of the word "loaf" which is to be lazy. Some retard along the line thought it would be cool to add a "t" to the end but continue to use the word the same way anyways.