Basically, the combination of procrastination and masturbation. The constant need to masterbate when you should really be doing something more productive with your life. It generally makes you feel relieved until you realise you just wasted 2-30 minutes of potential studying, getting yourself off.
1. Student - "You ready for this exam buddy"
Student 2 - "Fuck no, I barely studied at all. Last night I procrasturbated like it was going out of style."
2. Student - "Shit these exams have been going on way too long, my dick is red raw from so much procrasturbation!"