Penny loafers, yo. Loafers have been a mainstay since the 1930's, when Esquire magazine featured photos of Norwegian farmers wearing them.
Penny loafers, with their distinctive straps, were invented by GH Bass & Co, who called them Weejuns. Norwegians... Weejuns... get it? They became part of the prep look during the 50's and 60's. During that time, some people actually stuck pennies in the straps. Thus, the term penny loafer was born.
Well, nowadays the Bass Weejuns are of miserable quality. Instead, I'd recommend getting a pair from Alden. Good prices, available in cordovan, and made in the USA, yo.
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