An imaginary term used to describe how a procrastinator avoid doing important tasks.
Often it is though of as whenever the rational decision maker wants to make a good choice like doing homework the monkey takes the wheel and makes the person procrastinate
Joe:hey don't you have a really important project due?
Henry:yea well my instant gratification monkey wants me to look through India through google earth!
Joe:well don't blame me I you end up flipping burgers for a living!