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procrastostalking 

Procrastinating on a major assignment by stalking your friends/acquaintances/acquaintances of acquaintances/nephews of acquaintances of acquaintances on Facebook.
Person 1: Hey, I saw that link you posted on Steve's cousin's girlfriend's wall back in 2006! Hilarious!
Person 2: ...okay?
Person 1: It's cool, man, I was procrastostalking.

Person 1: UGH I'M NEVER GONNA FINISH THIS PAPER....also did you see Jeff's profile pic from middle school? What a jerk hahahahaha
Person 2: Maybe you should stop procrastostalking and actually do some work.

Procrasturbating 

Using masturbation to otherwise occupy yourself while pressing matters await.
I had a paper due today, but I spent all night procrasturbating, so fuck that noise.
Procrasturbating by The Middle Man January 29, 2003
Word of the Day on October 16, 2009

procasturbation 

"Procasturbation cost me an A in the class"

"I'm procasturbating this paper."

procrasturbate 

1.) To waste time (procrastinate) by pleasuring oneself (masturbate), putting off other work that one should be doing by masturbating.

2.) To screw oneself (figuratively) by not doing work when one should be.
I had an english paper due, but I spent all day yesterday procrasturbaiting, and boy am I in trouble now.
procrasturbate by spizzman November 30, 2004

Procasterbating

The act of masterbating instead of doing something important. (ie. homework)
Jim: Instead of doing that project, I was procasterbating.

Me: ZOMG me too!
Procasterbating by bob mcd June 16, 2007

Procrasturbation 

to delay time by pleasuring yourself.
Due to my night of procrasturbation, I didn't finish that spreadsheet