play ducks drakes with

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.

1575–85; from a fancied likeness to a waterfowl's movements Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
ducks and drakes
1.  a game in which a flat stone is bounced across the surface of water
2.  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 10th Edition
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