1. The act or habit of procrasturbating, or delaying an action, usually one requiring urgent attention, by touching oneself in a sexual manner.
2. The pursuit of replacing the anxiety associated with an impending deadline or large body of work (e.g. writing a status report, picking out an outfit) with the temporary high of an orgasm.
My procrasturbation is really becoming a problem; my wrist is sore and I still haven't checked my voicemail.