The penny loafer was first produced in the mid 1930’s by the G. H. Bass shoe company. The name Weejuns was intended to sound Norwegian because Norwegian farmers wore slip-on shoes around the areas where the dairy cows gathered while waiting to be milked.
Popular with both the American Ivy League and the mods later on, the Bass weejun penny loafer looks as good as it ever did. With the right outfit, it's difficult to beat.