I think you will find it's an old english term. Used pretty much throughout the english speaking world.

"English Spoken, American Understood."

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Lollygag ~ Origin unknown, reportedly first used in 1868.

The word is used rather frequently here where I live. So much so that I was somewhat surprised at the OP having never heard it.

Then I realized that I'm from Southeastern Kentucky and, well ...

We do have a way with words.

QUOTE
Arguable. I've had conversation with Americans and they've pulled out entire phrases that have left me blank as an Englishman - "My dogs are barking", "it's the sh*t", "You sound like geiko", "English muffins", and that's without taking into account french derivatives in modern English absent in modern American (Colour/Color, -ise/ize, Zed Vs Zee) - they certainly use most the same words as the English language but there are functional differences in how those words are applied (Chips Vs Crisps. Cookie Vs Biscuit, Gray Vs Grey) and how verbs are conjugated (ie. Hooked on phonics... "Neoverbalization"(?!))

Strictly speaking it's more like a sub-variant, like Castellan Vs Mexican Vs Catalan Spanish)QUOTE


Works both ways round of course, as an Englishman if I said that I was going for a F.A.G. (not an acronym just the swear filter thing has blocked it) in the bog, how many Americans would understand that I was going for a smoke (we never call them smokes, only F.A.G.S. or cigarettes) in the bathroom (we always say toilet, bog, crapper, going for a slash etc)?.

http://www.google.com/search?btnG=1&q=What+does+lollygagging+mean%3F

No loafing!