Loveloose is a term referring to individuals (especially, but not exclusively, those on the aromantic spectrum and the aplatonic spectrum) who use love as a broader term than it is intended, or who do not experience anything that fits the definition of “love”, but use the word to define their experience anyway.
The Loveloose flag was made by Tumblr user 1-800-ibuprofen on March 28th, 2022. The red on the flag stands for love, grey for the lack of the "traditional" sense of love, and the heart has wings to symbolize that it will go wherever it wants to, being "loose". It shares it's format with the Queerplatonic flag.
The term was coined by Tumblr user pro-crastinate17 on March 25, 2022.