5. (v.t.)loaf to pass idly (usu. fol. by away): to loaf one's life away.
Etymology: (1825–35, back formation from loafer)
Definition of 'Loaf'
Princeton's WordNet
1. (noun)loaf of bread, loaf a shaped mass of baked bread that is usually sliced before eating
2. (verb)loaf a quantity of food (other than bread) formed in a particularshape "meat loaf"; "sugar loaf"; "a loaf of cheese"
3. (verb)bum, bum around, bum about, arse around, arse about, fuck off, loaf, frig around, waste one's time, lounge around, loll, loll around, lounge about be lazy or idle "Her son is just bumming around all day"
4. (verb)loiter, lounge, footle, lollygag, loaf, lallygag, hang around, mess about, tarry, linger, lurk, mill about, mill around be about "The high school students like to loiter in the Central Square"; "Who is this man that is hanging around the department?"