1. An immense amount; usually describes a large amount of something unfavorable.
2. A typo of the more common slang word "shitload". While they mean the same thing, "shitloaf" is a lighter way of saying it and it gives a slightly comical edge to the statement.
i.e. : "I have a shitloaf of homework for tomorrow :(".
i.e. : "My friends are causing a shitloaf of drama these days".
etc.
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