countdown

n.

The backward counting to indicate the seconds, days, etc. remaining before an event occurs or a deadline expires. Typical events for which a countdown is used include the launch of a rocket or spacecraft, the explosion of a bomb, the start of a race, or the New Year. Countdown also means the period immediately before sth important happens.

v. count down

funemployment

n.

The condition of a person who takes advantage of being out of a job to have the time of their life. It refers to a happy time in one's life when one is not employed and is not wanting to be employed.

eg.

I spent all day Tuesday at the pool. Funemployment rocks!