Green’s Dictionary of Slang

dragging time n.

the evening of a country fair, when everyone has been drinking and the men begin to make robust physical advances towards the women.

[UK]W. Holloway Dict. of Provincialisms 48/1: Dragging-Time, The evening of the fair-day, when the young fellows pull the wenches about.
[UK]Hotten Sl. Dict.
[UK]Sl. Dict.