Got these black & white Eddie Bauer penny loafers on eBay. +1 on the very short list of flats I own. I'm loving them, even if they don't have super cute heart-shaped penny slots like the loafers from Ms. Antonoff's Spring shoe collab with Bass (practical inventor of the penny loafer). Still bummed I missed her presentation because I goofed up my calendar! Photo below borrowed from the one & only Elizabeth.
Rachel Antonoff Spring 2011 presentation photo via White Lightning