Distribute any kind of resource (time, money... especially these two) in a particularly clumsy/inefficient manner, usually amongst a multitude of possible options.
Like when you have two tests the next day, but have basketball training and it's 2 days before the match, and promised your friend you'd help him/her with the science project, but instead end up watching anime and ignore everyone and everything. Upon learning of this, a friend might comment "You totally distriburtled your time, brah!"
by Blasius Maximus January 12, 2015