As one might guess, the term is a portmanteau of the words navigate and gazing.
When you are navigazing, you are paying more attention to the environment around you than to where you are actually going. This state of being is generally useful when you have time to kill or simply enjoy looking at the world around you.
Negative or excessive self-contemplation, often the focus is on you and not others, when making a point or offering an opinion.
Canadians often engage in navel-gazing, always second-guessing themselves about their identity; the proud statement of their Canadian uniqueness nearly always includes a slight against Americans for their excessive patriotism.
A pejorative term used to describe someone who is preoccupied with self-reflection and the understanding of oneself; preoccupation with attempts at understanding the psychological and/or existential meaning of the self.
She was too busy navel gazing to be fully involved in the worldaround her.