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Loafers are slip-on shoes, typically low-cut and laceless, designed for ease and comfort. They often feature a moccasin-like construction and come in various styles, such as penny loafers, tassel loafers, and horsebit loafers. Known for their versatility, loafers can be dressed up or down, making them suitable for both casual and semi-formal occasions. They are commonly made from leather, suede, or synthetic materials.