A fictitious project that one who is slacking off claims to be working on. Derived from the Seinfeld episode "The Barber"
by TheDailyZack February 3, 2010
It references an episode of Seinfeld where George showed up to a job that he wasn't sure he was hired for. He moves into the small office and was told to work on the Penski File. He was not sure what he was supposed to do so he did nothing. It is used when you are at work with nothing to do.
by CaptainThule117 March 3, 2011