Procrasturbation

The act of chucking a wank in order to avoid doing work or study

Procrasturbation Example:

Dude 1: "Fuck dude, I haven't done any work all day!"
Dude 2: "Yeah me neither, I've been procrasturbating"
Dude 1: "Wtf is that?"
Dude 2: "It's when you masturbate to procrastinate"