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is a kind of shoe, like an oxford. Other countries may call it mocassin. They are called penny loafers because in the old days the shoes had a slit on top of it where a coin, a penny, a dime could be fitted, specially if wore by girls, in case they needed to make a phone call.
She likes to wear comfortable shoes, so she is always wearing penny loafers
by laura dubcovsky May 02, 2007
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Amber is the biggest pennyloafer I've ever met.

Hey yo, look at that gangster pennyloafer right over thurr.
by AMBERANDASHLEY December 04, 2005
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Someone who is african american, hispanic, or korean. Basically someone who does not belong in our country. It's a nice word instead of saying nigger, greaser, or buckethead. Most of the time people don't know what you are talking about, it's great :P
1: Damn Pennyloafer.

2: I might be a bitch, but your the pennyloafer.
by Rese` Wilson September 26, 2007
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