Procrastination has always been an important aspect of my life and I could not imagine living without it (blogged about it here, here, here, here, here, here & here). Until now. I have discovered perendination! Thanks to Word.A.Day mailing list by Anu Garg:

The word procrastinate is from Latin cras (tomorrow). So when you procrastinate, literally speaking, you are putting something off till tomorrow. Mark Twain once said, “Never put off until tomorrow what you can do the day after tomorrow.” In other words, why procrastinate when you can perendinate?

Perendinate: (puh-REN-di-nayt)

MEANING:
verb tr. : To put off until the day after tomorrow.
verb intr.: To stay at a college for an extended time.

ETYMOLOGY:
From Latin perendinare (to defer until the day after tomorrow), from perendie (on the day after tomorrow), from die (day).