The difference between Dick around and Waste time
When used as verbs, dick around means to waste time on an unproductive activity, whereas waste time means to allow time to elapse in an unproductive manner.
check bellow for the other definitions of Dick around and Waste time
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Dick around as a verb (vulgar, informal, North American):
To waste time on an unproductive activity.
Examples:
"Will you guys quit dicking around and get to work?"
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Waste time as a verb:
To allow time to elapse in an unproductive manner.