Used in informal settings among friends or in a casual conversation. We missed the bus, looks like we're going to have to hoof it.
Pro Tip 2/3
Unexpected Necessity
Often implies having to walk because another form of transportation is unavailable or impractical. The subway was closed, so I had to hoof it to my meeting.
Pro Tip 3/3
Physical Effort
Suggests making an effort, sometimes more than desired, as it involves physical activity. After my bike got stolen, I hoofed it to school for a week.