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the parking lot, or section of parking lot, that is farthest away from the driver's place of employment or other (for example: shopping) destination
the loser lot is where you park when all the good, aka close, spots have been taken

Employee: The worst part about being late for work was parking in the loser lot. I had to walk, like, a mile from my car to get to the building.

Shopper: Damn, this mall is crowded; No wonder we had to park in the loser lot!
by creaternity May 16, 2006
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