The act of killing time while feeling completely worthless inside derived from the words lor (as in dismay) and loafing (to spend time aimlessly).
He was lorfing around again today, I don't think he's done anything productive in the last week since they broke up.
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Used (usually in jest) when something is bound to go completely and utterly wrong.
Guy: I'm going to buy some bondage gear for my brother's girlfriend and say it's from him.
Guy's friend: Yeah, what could go wrong, right?
Guy: Exactly!
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