So does that make it a word, or not?
On my grumpier days, I'd say no. You might as well hollow out two loaves of bread and put them on your feet, because what you'd have then would be a pair of nonstandard loafers. If you like the looks you get when you walk down the street in them, then great! It's your loaf to live.
On giddier days, though, I take delight in the flexibility of our language and the creativity of nonstandard word usage.
I liked it, for example, when my daughter called cinnamon buns bottoms. And when bling bling made it into the dictionary, I said, "Awww yeaahhhhh!" I am personally lobbying for the inclusion of frathlete, a noun that refers to that class of good-looking jock who can sometimes be irritatingly popular.