dissipation (dissipate + -ion; action_result)
The act of dissipating or dispersing; a state of dispersion or separation; dispersion; waste
A dissolute course of life, in which health, money, etc., are squandered in pursuit of pleasure; profuseness in immoral indulgence, as late hours, riotous living, etc.; dissoluteness
A trifle which wastes time or distracts attention