Fritters are round pieces of fruit, vegetables, or meat that are dipped in batter and fried. apple fritters. fritter away to waste time, money, or effort on something small or unimportant fritter something⇔away on. a thin piece of fruit, vegetable, or meat covered with a mixture of eggs and flour and cooked in hot fat apple/corn/banana etc fritter
If someone fritters away time or money, they waste it on unimportant or unnecessary things. The firm soon started frittering away the cash it was generating I seem to fritter my time away at coffee mornings. = squander