"You're blowing it" is sometimes synonymous with "You're the guy that doesn't fully fit in with us, so we make fun of you/talk shit non stop because we're all such good friends and we enjoy gossip as a way to pass the time".
Everyone takes days off from skating...sometimes weeks or longer. I don't see the difference between smoking weed while eating burritos and making emo acoustic albums. Obviously they thought other guys weren't blowing it....which is insane when you compare them to Johnny and what he as done on a skateboard.
Teams are looking to be more marketable to the youth and bring in new super talents, but I can guarantee you the vast majority of people would take his last part over anything the new dudes are putting out there.
The biggest tragedy here is that the Berrics released that footage instead of Toy Machine.