The act of waiting until the last possible second before enacting a plan - barely averting a disaster - while operating under the assumption that it's necessary to wait until the last possible second in order to prevent other - and potentially worse - disasters.
4:50 PM
Alison: "Pat, we really need to make the call NOW to book the really expensive location for this stupid tv commercial shoot, or else the location is going to fall through and we won't have anywhere else to shoot."
Pat: "What's my drop dead deadline?"
Alison: (Heavy sigh) "5 PM."
Pat: "OK."
4:59 PM
Alison: "PAT!!!!"
Pat: "OK, let's book it. Right full rudder."
Alison: (Under breath) "Jesus f-ing christ."