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ducks and drakes

Also, duck and drake. a pastime in which flat stones or shells are thrown across water so as to skip over the surface several times before sinking.
play ducks and drakes with, to handle recklessly; squander:
He played ducks and drakes with his fortune.
Also, make ducks and drakes of.
Origin of ducks and drakes
1575-85; from a fancied likeness to a waterfowl's movements Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for ducks-and-drakes
Historical Examples
  • Master Faustus, I know you for a man who plays away his money at ducks-and-drakes, and who has a loose tongue.

    Faustus Friedrich Maximilian von Klinger
British Dictionary definitions for ducks-and-drakes

ducks and drakes

noun (functioning as sing)
a game in which a flat stone is bounced across the surface of water
make ducks and drakes of, play ducks and drakes with, play at ducks and drakes with, to use recklessly; squander or waste
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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