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It's a form of the slang verb to loaf, meaning to be lazy and not work. E.g. "He is a useless employee. He loafs around all day and does nothing and expects to be paid for it."

It is not the plural for the noun loaf, a unit of bread. One loaf of bread, two loaves of bread.

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11y ago
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Q: What does the word loafs mean?
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