1. A term in reference to one who is 'loose'; a whore, slut, harlot, prostitute, etc.
2. Having a large ass, so much so that it hangs off the side of a chair or bench.
1. Man, Gina sure has a loose booty; she slept with that guy after only knowing him 5 minutes!
2. Man, see that chick's loose booty? It's hanging, like, 3 inches over that chair!
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