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A penny loafer

 penny loafer is a type of shoe. Image 1 of 4

A penny loafer is a type of shoe with a few distinct characteristics:

  • Style: It's a slip-on shoe, meaning it has no laces.
  • Construction: Penny loafers are typically made of leather and have a moccasin-style construction, where the upper piece is sewn around the sole.
  • Saddle and Strap: Across the top of the foot (called the saddle) there's a strap with a distinctive feature: a diamond-shaped cutout.

Here's some additional information about penny loafers:

  • Origin: The design emerged in the early 1930s, possibly inspired by Norwegian footwear [source].
  • Name: The term "penny loafer" became popular in the 1950s when students started putting a penny in the strap's cutout slot, supposedly for making a phone call in an emergency [source].
  • Versatility: Penny loafers are known for being versatile, suitable for both casual and semi-formal occasions. They can be paired with a variety of clothing, from jeans to chinos to suits.

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