Slang for the Loose Caboose, a scummy bar in Lafayette, Louisiana that serves cheap beer and sleazy women.
"Do you want to go to the Loose Asshole tonight?"
"No thanks, I've had my fill of cheap pisswater and sluts."
by Dave Grohl September 25, 2004
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A butthole that has been penetrated by a overly pompous wanker
Jill had been anally fucked too many times, therefore she has a loose asshole
by Opissermcwanker November 02, 2013
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