oversleep (v.)

word-forming element meaning variously "above; highest; across; higher in power or authority; too much; above normal; outer; beyond in time, too long," from Old English ofer (from PIE root *uper "over"). Over and its Germanic relations were widely used as prefixes, and sometimes could be used with negative force. This is rare in Modern English, but compare Gothic ufarmunnon "to forget," ufar-swaran "to swear falsely;" Old English ofercræft "fraud."

In some of its uses, moreover, over is a movable element, which can be prefixed at will to almost any verb or adjective of suitable sense, as freely as an adjective can be placed before a substantive or an adverb before an adjective. [OED]

Among the old words not now existing are Old English oferlufu (Middle English oferlufe), literally "over-love," hence "excessive or immoderate love." Over- in Middle English also could carry a sense of "too little, below normal," as in over-lyght "of too little weight" (c. 1400), overlitel "too small" (mid-14c.), overshort, etc.

Old English slæpan "to be or fall asleep; be dormant or inactive" (class VII strong verb; past tense slep, past participle slæpen), from Proto-Germanic *slēpanan (source also of Old Saxon slapan, Old Frisian slepa, Middle Dutch slapen, Dutch slapen, Old High German slafen, German schlafen, Gothic slepan "to sleep"), from PIE *sleb- "to be weak, sleep," which perhaps is connected to PIE root *sleg- "be slack, be languid," the source of slack (adj.). Sleep with "do the sex act with" is in Old English:

Gif hwa fæmnan beswice unbeweddode, and hire mid slæpe ... [Laws of King Alfred, c. 900]

Related: Slept; sleeping. Sleep around is attested by 1928.