loon¹ /loon/, also (Shakespeare) lown or lowne /lown/

1. A simple-minded or eccentric person (informal)
2. A low-born person (archaic)
3. A rascal
4. A harlot
5. In the north-east of Scotland, a boy (also loonˈie)
6. (in pl) casual trousers that flare widely from the knees (also loonˈ-pants)

loon² /loon/ or loom /loom/ (esp N American)

Any of an order of northern diving birds, esp a sleek-bodied sharp-beaked bird of the genus Gavia

loonˈie noun

A Canadian one-dollar coin stamped with a loon on one of its faces

loonˈing noun

The cry of the loon

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