ducks and drakes noun2 •A pastime of throwing flat stones across water so as to make them bounce off the surface.A kind of sport or play with an oister shell or stone throwne into the water, and making circles yer it sinke, etc. It is called a ducke and a drake, and a halfe-penie cake. — 1585 •(informal) The squandering of resources, especially money; used in expressions such as "to make ducks and drakes of", "to play (at) ducks and drakes with".This royal Caesar doth regard no cash; Has thrown away as much in ducks and drakes As would have bought some 50,000 capons. — 1614