drake

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play ducks and drakes with

To squander (something). "Ducks and drakes" is a game played by skipping a stone across the surface of water. Don't play ducks and drakes with this internship—it's a great opportunity, even if it doesn't pay!
See also: and, drake, duck, play

make ducks and drakes of

/play ducks and drakes with
To squander; waste.
See also: and, drake, duck, make, of