What is Loafit?
1.
The group act of making money or saving money with as little individual effort as possible.
Using the combined resources of a large group to make or save money online with relative ease. Similar to
Mark said: "If I'm paying for this party then I'm going to loafit, because I'm not spending a fortune on the fools you invite!"
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7.
(v.i.) Out to lunch; not having it together; acting in a stupid way. Typically derogatory.
Derivation: ..
1.
A magical potion that does absolutely nothing, but is sought after nonetheless by suckers who never figured out that the Easter Bunny is..