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It means okay, or consider it done. Its origin is Persian and consists of two words: “Tamaam” and “Belbas”.
-Hey, pack all of your stuff before midnight.
+Sure, telbas!
Telbas by Bolbolestanian January 6, 2019
Related Words

Economic Teabag 

Sticking it to a liberal organization by buying a competitor's product.
I hope GM is enjoying my economic teabag, because I only buy Lexus products.
Economic Teabag by Navin1 December 11, 2012

Brixton Teabag 

A makeshift weapon consisting of two snooker balls inside a sock, intended to be swung at the victim's head. Made famous by Ray Winstone's character in the 1979 film 'Scum'.
Ray: "Where's your tool?"
The Daddy: "What fackin' tool?"
Ray *Kills with brixton teabag*
Ray: "THIS FACKIN' TOOL!"
Brixton Teabag by DaddyRay May 9, 2013

teabag montage 

On Halo you put the respwan time for 10 seconds. While they are watching their dead body you go and press B on the XBOX controller rapidly. You do that to everyone you kill. People will get angry at you.
1. I was going on a teabag montage on Halo.
teabag montage by Spoonman261 July 13, 2010

ballsac teebagger 

A golf accessory that has a compartment for balls and a compartment for tees.
I cannot tee off yet as I left my ballsac teebagger in the clubhouse.

punjabi teabag

Placing one's pubicle sack into a hot Tikka Marsala curry and then onto an unsuspecting victims face using a motion similar to that of dipping a teabag into hot water.
Rajesh fell asleep at work and was given the Punjabi teabag all over his face by a co worker.
punjabi teabag by Sw@mpD0nk3y November 25, 2014