To do nothing of any real interest, usually at home or at a mates house. Does not require the consumption of beer, but it helps.
John: What you up to Ste?
Ste: I'm just larding, what you up to?
John: Just larding on the internet dude.
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The 'draw' you put things you are saving for the future into. A holiday, marriage, family, etc.
Ted: Coming to the lads weekender this year bob?
Bob: Nah Ted, moneys going in my bottom draw, getting married enit!
Ted: Ahh, ya fat lard, come out with the lads man!
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