Half loser, half retard. Generally used for people who are so retarded that it makes them losers.
-''Omg i cut a hole in an apple, and stuffed cinamon inside it, and put it in the microwave, and it exploded! And now I'm eating it! HAHA ''.
-Wow, you're such a lootard...
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Half looter, half retard. Describes people who are so retarded that it makes them loot.
Lootarded - ''Omg! I'm such a lootard. I looted the mall and stole Air Jordans from inside it, then traded them for crack, and got all cracked out! HAHA!! ''