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To engage in work at your own pace while giving the impression of assigning it the highest of priorities. Due to the vague nature of the statement, once the true meaning is discovered, it is neither questioned nor criticized.

(First regained popularity as a phrase in the IT industry around late 1999 - early 2000.)
"I'll be all over getting these reports done like a donkey on a waffle!"
by Dean Webb October 27, 2004