Source : Webster's Revised Unabridged Dictionary (1913)

Loaf \Loaf\, v. i. [imp. & p. p. {Loafed}; p. pr. & vb. n.
   {Loafing}.] [G. laufen to run, Prov. G. loofen. See {Leap}.]
   To spend time in idleness; to lounge or loiter about. ``
   Loafing vagabonds.'' --W. Black.

Source : WordNet®

loafing
     n : having no employment [syn: {idleness}, {idling}]