bajati

1. (folk magic) to cast spells; to recite charms; to tell fortunes
   Njena baka je bajala protiv uroka. — Her grandmother used to recite charms against the evil eye.
   Kažu da jedna starica u selu još baje. — They say an old woman in the village still casts spells.
2. colloq. (of empty talk) to talk nonsense; to go on about
   Ma šta mi tu baješ, nije tako bilo. — What are you going on about, that's not how it was.
   Celo veče baje o svojim uspesima. — He's been going on about his successes all evening.

It usually refers to folk healing with incantations; a woman who does this is a bajalica.