Here are some possibilities:
* Typo: Perhaps you meant "loafing," which means to relax or idle.
* Slang: There could be a slang term for "loabing" in a specific community or context.
* Made-up word: It's also possible the word is completely made up.
To help me understand what you mean, please provide more context:
* Where did you see or hear the word "loabing"?
* What was the surrounding text or conversation?
With more information, I might be able to figure out what you're looking for.