When low and middle level managers and supervisiors stand around and brag up various achevements and decisions that to any rational outside observer appear highly overrated at best and approaching fiascos at worst.
Geez Dennis and Jim have stood around all daypenis sharpening about what they did during the blizzard.
The term used to describe a person who sharpens his/her pencil every 2-5 minutes, (because they always want it sharp as it can get) resulting in their pencil ending up 2 inchs long the next day.
Pretending or appearing to be busy while doing nothing.
The inability to accomplish a task due to laziness, incompetence, political posturing, lack of ability, stubbornness or other reason that has no relation to the problem at hand.
Worthless posturing, yelling and fighting among politicians that comes to nothing when they are done.
Congress spend 8 months grinding their axes and sharpening their pencils and were only able to reduce the national debt by $10.