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2.
Using facebook as a means of distraction from studies or work that you should be doing instead.
Matt: "So hows that paper going for you so far?"

You: "Well, I haven't exactly started..."

Matt" "Are you serious its due tomorrow morning! What..have you been procrastibating?"

You: "No, but almost as bad. I've been procrasti-booking. I got on facebook for just a minute and now I've been procrasti-booking for the past two hours."
by random_kid_clock-in August 30, 2010
 
1.
the act of putting of important issues, such as homework, by browsing facebook.
Mary: did you get that essay done?
Jesus: no, i spent all night procrastibooking.
by procrastibooker March 07, 2011