Green’s Dictionary of Slang

1. to waste time.

1960		D.M. Stein Wall of Noise 192: I’ve got soft lately, he told himself angrily . . . too much jacking around and not enough work.
1967–8		Baker et al. CUSS 144: Jack around Waste time, not study.
1972		D. Jenkins Semi-Tough 47: He was always jacking around with a guitar.
1986		C. Stroud Close Pursuit (1988) 134: They’ve gone into chambers to jack their way around the Fourth.
1987		(con. 1970s) J. Pistone Donnie Brasco (2006) 306: What I don’t want [...] is jacking around.
1991		B. Hamper Rivethead (1992) 111: I could see Henry Jackson on the fringe jackin’ and jivin’ like it was all a joke.

2. as sense 1 with sexual, adulterous overtones.

1972

D. Jenkins Semi-Tough 3: That, and jack around with somebody else’s wife or husband.

3. (US campus) to tease.

1966		Current Sl. I:3 5/1: Jack, v. To tease someone; to lie.
1974		D. Jenkins Dead Solid Perfect 158: ‘Grover, these guys are only trying to jack you around. Don't ever listen to Donny unless he's telling you how to fuck the girl behind the Hertz counter’.

4. (US) to treat badly, with deceit or contempt.

1972		D. Jenkins Semi-Tough 15: I don’t think I’d let the world jack me around so much if I was a spook, but then I can’t actually say.
1980		A. Maupin More Tales of the City (1984) 188: Don’t you think I know when people are jacking me around?