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(1). To prioritize (and possibly even work on) a task (see action item). The term is usually used when reassuring your boss that whatever they’re talking about is at the top of your list of things to do.
“Sure, boss, I’ll action that mail merge project for first thing in the morning. Right after I figure out how to do a mail merge…”
(1). Having so many things to do, that you end up at the bar around the corner, having done none of them.
alt. death by a thousand paper cuts (for you pencil-pushing office rats out there)
“Dammit, Greg! This project is like death by a thousand cuts! I have so many to-do’s on my list, I don’t even know which one to do first! Arghh!” (window breaking… …thud… …)
(1). What your boss says right after your comp discussion and right before he drives home in his Maserati.
“So, there it is, Jim. I’m sorry we couldn’t do more for you this year, but my hands are tied. Something, something … down year … something, something … we all have to share the pain … something, somethi … hey, what’re you doing with that letter opener?”
