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1.
Also known as J-Stew, Stew Beef is Tracy Morgan's nickname for Jon Stewart, given to him on April 15, 2010.
Tracy: STEW BEEF!!!
by Giovanni Mann April 18, 2010
 
2.
To loiter, lounge, procratinate, waste time in a slothy manner. (usually)
"Why don't you go do your homework?"
"I'd rather stew beef on the couch"

"Man, I stewed beef all day waiting for my friend to call"
by Debacle June 12, 2007