overcrastinate 

When you procrastinate so long that you cannot complete the task by the deadline.

Jon overcrastinated on his report so now it's going to be late.

overcrastinate by eeyogre January 11, 2008

Overcrastinating 

To over react to an element which could hardly harm you.

I'm not sure why you overcrastinating, its just a harmless fly.

Overcrastinating by Chris Rocky B June 6, 2011