fritter

Short definition from Wiktionary

Noun

1. 1
   A dish made by deep-frying food coated in batter.
2. 2
   A fragment; a shred; a small piece.

Verb

1. 1
   To squander or waste time, money, or other resources; e.g. occupy oneself idly or without clear purpose, to tinker with an unimportant part of a project, to dally, sometimes as a form of procrastination.
2. 2
   To sinter.
3. 3
   To cut (meat etc.) into small pieces for frying.
4. 4
   To break into small pieces or fragments.