to regard as insignificant, worthless, or of no account; to make no account of, to regard as unimportant or irrelevant ...1548 rare
from Latin phrase floccī pendĕre (floccī, + pendĕre to weigh, esteem)
FIRST DOCUMENTED USE
1548 - see EXAMPLE below
"...any other ridiculous articles they layde to hym, whiche the cares of euery honest creature knowynge the duetie of the subie to hys prynce, woulde abhorre and floccipend, to the whiche he so wisely and boldely aunswered, that in parte he asswaged their malice, and mitigated their rage. In so much that he was more gentler entreated then he was before..."
From: The vnion of the two noble and illustre famelies of Lancastre (and) Yorke, beeyng long in continual discension for the croune of this noble realme with all the actes done in bothe the tymes of the princes, bothe of the one linage and of the other, beginnyng at the tyme of kyng Henry the fowerth...
- Edward Hall