1 Verb: to keep something on the down-low
or to keep it low key.
2 Verb: to stay calm and relaxed - the verb form of chill
1 Yeah man, my parents are out of town and I am having a party. I want it to stay small, so keep it on the chill.
2 I know you're angry that she dumped you, but keep it on the chill man. Another chick will come around soon enough.
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