Sentence:  And, lastly, such are they; that, having got / "Wealth", "Knowledge", and those other "Gifts", which may / Advance the "Publike-Good", yet, use them not; / But "Feede", and "Sleepe", and <WSD>"laze</WSD> their time away". 
Meaning of the word marked with <WSD> tags:  To be lazy, waste time.