ETYMOLOGY
from spill- (comb. form in the sense spoilt) + time
EXAMPLE
“…That fynden þe þy fode? for an ydel man þow semest,
A spendour þat spende mot oþer a spille-tyme,
Oþer beggest þy bylyue a-boute at menne hacches,
Oþer faitest vp-on frydays · oþer feste-dayes in churches…”
From: The Vision of William concerning Piers the Plowman
By William Langland, 1393
Lexicophilia 