1) Hanging out in your towel after a shower for extended periods of time.
2) Laziness wrapped in comfy awesomeness
*gets out of shower and proceeds to wrap in a towel and then go sit in a chair*
Ex 1
Ahhhhhh and now I'll just sit here and towel lounge while I write this 10 page econ paper
Ex 2
T - Ugh, I have to get dressed to get food
H - Wasn't your shower like an hour ago?
T- Towel lounging, H, towel lounging