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 2, 2007
Get the penny loafer mug.