The brand of hockey stick Mike Richards of the Philadelphia Flyers uses to play extra well in his games. Richards is the spearman and he uses his stick to slap the sausage (hockey puck).
To do completely unproductive things (surf teh interwebs for pictures of pugs in clothes, watch an entire season of Dr. Who, eat massive amounts of chicken wangs) for excessive amounts of time, especially while in a ridiculously relaxed/possibly unhygienic state.
I'm sorry I couldn't make it to your Bar Mitzvah, Timmy, I was too busy slarmin' hard.
v. To indulge in an extravagant expense that is unnecessary. To behave or act in an improper way; to be stupid or to do things without thinking ahead of time.