profligate \ˈprä-fli-gət\ adjective: 1. completely given up to dissipation and licentiousness, 2. wildly extravagant; prodigal
noun: a person given to wildly extravagant and usually grossly self-indulgent expenditure
Etymology: Latin profligatus, from past participle of profligare to strike down, from pro- forward, down + -fligare, akin to Greek phlibein to squeeze
This is a word one would rarely wish applied to oneself.
And yet some of my friends would gladly have it applied to them if it meant they had the means to live like that. I think they're funny, while we're all still young. x3
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