being or having the characteristics of something cool.
Erin: " How was Sean's party last night?"
Laura: " Shibyyyyyyy! Everyone was there!"
by Hdiggity July 26, 2006
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Means 'the shit'. People say shiby instead of shit in school.
Dat's da shiby!
I've never seen such a huge pile of shiby in my life.
by Alenag_russianchic June 3, 2004
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derived from the movie "dude, where's my car". used as a synonym to "cool" or "awesome"
dude #1: I got the new ax7 cd yesterday.
dude #2: shibi!
by igotatattoo March 25, 2005
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A boy,(some would call teen but in actuality is just a boy) who is a player, or known by many guys as a faggot he is a very sad person he hits on girls dating or not, not realizing one day he will get messed the F up, he just has to wait for it. Even those who don't know him know hes a fag
Andy: Hey do you think Shiby is a fag?

Tommy: I dont know him, but his name sounds faggy.
by the "dude" December 22, 2008
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A shortened combination 'Shit Biscuit' and is used to describe a person who is intentionally annoying.
Quit being such a shibis, and stop poking me.
by ur6a March 12, 2018
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A word coined by the LCCM Psychology society AY 2011-2012 in order to describe female lesbians or lipstick lesbians and soft butches (boyish female who like girls but don't entirely dress up as boys)
Portia De Rossi is a fem personality but she is in a relationship with a girl, therefore she is a SHIBI.
by Shibipops February 23, 2013
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"Shit Happens" its a kind of humorous comment in reference to a bad situation. For example: if you witness a bad car accident or someone tripping and falling, and you blurt out "Damn bro, shiby liby"
Damn bro, shiby liby.
by Vstyle February 4, 2018
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