"Watch therefore: for ye know not what hour your Lord doth come. But know this, that if the goodman of the house had known in what watch the thief would come, he would have watched, and would not have suffered his house to be broken up. Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh. Who then is a faithful and wise servant, whom his lord hath made ruler over his household, to give them meat in due season? Blessed is that servant, whom his lord when he cometh shall find so doing. Verily I say unto you, That he shall make him ruler over all his goods. But and if that evil servant shall say in his heart, My lord delayeth his coming; And shall begin to smite his fellowservants, and to eat and drink with the drunken; ...the wicked servant is smiting his fellow servants by bringing in "damnable heresies", and consuming the doctrines of the apostacy.The lord of that servant shall come in a day when he looketh not for him, and in an hour that he is not aware of, And shall cut him asunder, and appoint him his portion with the hypocrites: there shall be weeping and gnashing of teeth." - Matthew 24:42-51
The wicked servant begins to "eat and drink with the drunken" because he thinks that his Lord's return is not imminent and so rebels against his Master. This is in the context of Revelation 18:3 "For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies" and so infers that the wicked servant is 'smiting' his fellow servants by bringing in "damnable heresies" (2 Peter 2:12 Peter 2:1 1 But there were false prophets also among the people, even as there shall be false teachers among you, who privily shall bring in damnable heresies, even denying the Lord that bought them, and bring upon themselves swift destruction. ), and consuming the doctrines of the apostacy. Since the apostacy does not believe that Messiah will return to the earth to establish Yahweh's kingdom then the wicked servant will be taken in the same snare as the rest of the world. He will share the same fate as the apostacy, being included with them in those identified as hypocrites.