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1.
A phenomenon commonly observed in students when they wait till the absolute last moment to work on an large project, rush to complete it, and eventually produce a work which blows any project completed early and planned well out of the water.
Student 1: I stayed up till 6 in the morning to complete this frickin' project. It better turn out good.

Student 2: No worries, I did that before and it turned out to be a procrasterpiece.
by Pladd April 04, 2011