You're bored but you keep eating. Maybe you're eating because you're bored. If you're bored all the time, eventually your main goal in life becomes satiation.
In modern Japanese, this word crops up most in 飽食時代, which could be roughly translated as "the age of plenty". 飽食時代 refers to the modern era in countries like Japan, which are characterized by an abundance of food, in contrast to the past, when food was scarce.
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own.
Japan made a huge change from the postwar food shortage to an era of plenty.