say it: LOH-fur
loafer is a noun meaning "person who does no work". It carries 2 recorded senses.
person who does no work
“a lazy bum”
a low leather step-in shoe; the top resembles a moccasin but it has a broad flat heel
trademark
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for loafer come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.