verb (used with object), dis·si·pat·ed, dis·si·pat·ing. to scatter in various directions; disperse; dispel. to spend or use wastefully or extravagantly; squander; deplete: to dissipate one's talents; to dissipate a fortune on high living.

Is dissipating an adjective?

indulging in or characterized by excessive devotion to pleasure; intemperate; dissolute.

Is rubbing a verb or a noun?

rub. / (rʌb) / verb rubs, rubbing or rubbed. to apply pressure and friction to (something) with a circular or backward and forward motion. to move (something) with pressure along, over, or against (a surface)