An element of procrastination (3)
I believe the answer is:
tin
'an element' is the definition.
(tin is a kind of element)
'of procrastination' is the wordplay.
'of' indicates a hidden word.
'TIN' is hidden in the letters of 'procrastination'.
(Other definitions for tin that I've seen before include "Silvery metallic element" , "Silvery white metal" , "loaf of bread" , "A silvery-white metal often in cans" , "Cornish metal?" .)