The phrase "contemplating one's own navel" has the ring of a long and honourable history behind it. The word "omphaloskepsis" (also called "omphaloscopy"), meaning "contemplating one's navel as an aid to meditation", sounds like it is thousands of years old. "Skepsis" is a Greek word meaning "the act of looking, or inquiry". However, the Merriam-Webster web site "Word of the Day" column claims that omphaloskepsis was invented only in the 1920s.
Sourced from: http://www.abc.net.au/science/k2/lint/facts.htm
Yes, but did you like my picture ?? :G
Actually Steve, that's one of the sites I got confirmation that I had the right meaning. :-)