Squander

[Luis Fok]

To spend lavishly or profusely; to spend prodigally or
wastefully; to use without economy or judgment; to dissipate; as, to
squander an estate.

[Luis Fok]

Waste (something, especially money or time) in a reckless and foolish manner.

[Justin Bieber]

To [talk to] [your best friend] while drunk and [taking a piss].