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1.
skib-bat-i-cal, (noun) \ski-'ba-ti-kel\ (sometimes misspelled: skibatical)

An extended break or hiatus from work, school or whoever bothers you, to go rip some turns by means of skis or a snowboard. Derivative of Sabbatical, but without getting paid.
1. Bro! I’m on skibbatical! (another way of saying “I’m unemployed!”)
2. Boss, I'd rather be on skibbatical than do more **** for you! (another way of saying you're soon to be unemployed.)
by C Stanford August 30, 2013