Combining the words lazy, about and the suffix -ary, this word acts as the culimation of the art of "lazing about", serving to be the direct description of a pursuit which is highly focused in lazing about.
"John is such a lazaboutary gentleman."
"She seduced me With dreams of grandeous lazaboutary, via warm fields of sunflowers and daffodils."
A person that feeds off the government teat with out having earned it (Social Security, Food stamps, welfare) - those with no intention of bettering their role in society and expect government handouts.
Rikki's a real layabouter, he got an Escalade, a trailer, and a bunch of hos and he ain't never worked a day in his life.