Yes, loopy is a Scrabble word!
...and is worth 10 points in Scrabble, and 11 points in Words with Friends
loopy
Adjective
1. Consisting of or covered with or having loops
2. Informal or slang terms for mentally irregular
What Scrabble words can I make with the letters in loopy?
4 Letter Words
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3 Letter Words
2 Letter Words