in Japanese is fairly uncommon on its own, but it means something like 'kid' or 'boy' most of the time (originally it was 'monk', and it's shifted a bit semantically). is a somewhat playful term for someone who has trouble getting up in the morning, and as a verb means 'sleep late' or 'oversleep'. is basically the same thing.
's modern Chinese meaning is probably the result of it being used as the simplification of an unrelated character, but I could be wrong.