Speaking of Richard Henry Dana, at the end of his study, D. H. Lawrence states:
Dana lived his bit in two years, and drummed out the rest.
Could we say that "lived his bit" is akin to "sow (one's) wild oats"?
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From the idiom do one's bit TFD
to make an individual contribution toward an overall effort.
bit: small part of something. TFD
Dana lived his bit ( the short but most 'contributing' part of his life) in two years, and drummed out the rest.
I do not sense sexuality in this sense of the use of 'bit'.