Coined by Adam Carolla of Loveline. Combination of "spaz" and "loser". Spaz as in the geek who owns his own comic book store and Loser as in someone who waits outside a studio for an hour and a half for Tia Carrere to sign a copy of Playboy so he can sell it on eBay for $26.
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A common name used for people that are both spastic and a loser. Usually refered to people called Steff.
Person: So did you hear that Steff is really amazingly talented.
Other Person: Who's Steff?
Person: The sploser...
Other person: Ohhhhhhhhhhhhhhhhhh
Typically a person who has an unhealthy obsession with spongebob. This portmanteau combines spongebob and loser to let people know this person is not only a loser, but one who indulges in spongebob