The act of relaxing with a cold beverage, most notably beer, especially after a hot, difficult, long or boring activity. Cold lounging is often done with a friend and occurs in the most pleasant surroundings that can be readily located without unduly extending the hot, difficult, long or boring activity.
In verb form, cold lounge.
After battling the crowd returning from the Circuit Gilles Villeneuve, Spek and King stopped at a sidewalk cafe for some primo cold lounging.