Definition of putzing:
(n) :
(slang, derogatory) A fool, an idiot.
(n) :
(slang, derogatory) A jerk.
(n) :
(slang) The penis.
(v) :
(slang, intransitive) To waste time.
(n) :
A decoration or ornament in the Nativity tradition, usually placed under a Christmas tree.
(v) :
(Pennsylvania German, intransitive) To go around viewing the putzes in the neighborhood.