Used to define some thing that has happneded, about to happen or some thing that has been said between two people.
This 'Some thing' Will be more than awesome, only one word will be able to define how awesome this something is, and that word is Shibbie.
The word Shibbie is usaly followed by a Hi-5.
Ally: Dude my girlfriend was round last night, I bit the cherry muffin!
*Totally cool Hi-5*