It's a combination of the words shocking and horrible.

Shocking = causing to recoil with horror or disgust; extremely offensive or disgusting.

Horrible = horror or fear; dreadful.
Shorrible = something both shocking and horrible.

In a sentance.

The price of crude oil these days is shorrible.
by Anthony Linton aka *MAD DOG* September 25, 2008
Get the Shorrible mug.