pronounced like "chance-ability", chancibility is the likelihood of something happening. a synonym of probability.
"There is a 50% chancibility I'll be able to go to your house tonight"
by MECAman May 1, 2010
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the chance/possibilty of something or nothing
dude 1: Oh. dude, bet I can score Cindy for a night stand
dude 2: Not even a chancibility
dude 1: what??.....
dude 2: Idiot.
by half eaten burgers March 20, 2010
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