What is Loafin?
1.
To be fake or full of it. Or to tell an obvious lie.
Tony: So you gonna dance wit me at the Go-Go?
Maggie: I would but my boyfriend gonna be in there.
Tony: Man you be loafin!
2.
When someone is taking their sweet time. Lazing around. Causing someone else to wait.
Yo, why you loafin? I've been waiting out here for 20 minutes!
See
3.
Lō-fĭn (v)
1. to tarry about unwittingly
2. to be unaware of one's surroundings
Dude A: My man got robbed.
Dude B: Damn, how'd that happen.
Dude A: They caught him loafin.
See
4.
Messing up.
Pressing the 2nd floor elevator button, on the 2nd floor.
"Man, you think i'm loafin???"
See