Variant of procrastinate, but connoting the heightened pleasure achieved during the performance of otherwise mundane activities when said activities are performed as an act of procrastination. Can also connote the subsequent desperate guilt or depression felt upon becoming fully aware of true nature of the act. Succinctly expresses the essence of the wise adage, “Procrastination is a lot like masturbation: it seems like a lot of fun until you realize you’re just fucking yourself.”
Even though I'd seen Dirty Dancing twelve times before, I could've sworn this 13th viewing was the best. Then I realized I was procrasturbating, my midterm is still tomorrow morning, and now I want to puke.