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1.
It is an adjective that means small and/or miniature in a good or cute way. Normally used to describe (young) people or animals, and is endearing. This word, along with kawaii and several other Japanese words, have been taken by America's "Wapanese" who have gone overboard in accentuating their English speech with Japanese words. "Chibi" was probably first introduced to the West through anime, and probably from the name of Sailor Chibimoon, in Sailor Moon.

Synonym: chiisai
Antonym: ooki
Aa anata wa mada chibi kodomo da na, atoato kitto seijin ni naru yo
by Aki April 14, 2004
 
2.
1) A Japanese word meaning "short" or "midget." The word chibi is often taken offensively when directed toward a person. Japanese equivalent of "shrimp" or "shortcake." (language/culture)

2) A term used by anime/manga fans to referr to small and detailless characters. "Chibi" characters are often used to represent a form of cuteness. It can also be used to indicate small characters (like Chibi-Usagi/Sailor Chibi Moon in Sailor Moon). (anime/manga)
1) What're you going to do about it, chibi?

2) That chibi character is cute
by Hirohiigo Togashi July 25, 2005
 
3.
Smaller form of any existing character, meant to look cute. Usually has irregular proportions, with a big head and tiny limbs.
Chibi Raijouta looks sooooo cute!
by Raijouta January 11, 2004
 
4.
A Japanese word that is often used as a put-down in its original context, being roughly equivalent in meaning to "shrimp," "runt," "squirt," "dwarf," "midget," or "small-fry."

In slang, however, it occasionally takes on aspects of cuteness, particularly when the individual in question is young, female, and already considered "cute" by the speaker. It can also be used as shorthand for a drawing style of Japanese origin more properly known as super deformed (SD).

Its usage in English (or rather, Japanglish) ignores the word's derogatory context, and focuses on the "cute" meaning as it often appears in anime and manga, and its exclusive usage in this context is a good sign that the speaker does not, in fact, know how to speak Japanese.
(Speaker A): "Why would TokyoPop go and change the title of 'Karin' to 'Chibi Vampire'? There's nothing 'chibi' about her."

(Speaker B): "It's marketing, man. All the fangirls think 'chibi' is synonymous with 'cute'."
by Julian G. July 13, 2006
 
5.
The lead singer of Canadian electronica band "The Birthday Massacre". Born on April 26, 1977, she currently resides in Toronto, Canada and works a regular job whilst off tour. She maintains both a MySpace profile and a LiveJournal page and lives with her cat, Kisou.
Fan: Chibi was really on the ball tonight, I love TBM.

"Next phrase, next phase, next nothing new"
by xMurderTrampx May 12, 2007
 
6.
A Japanese slang word know around the world. It's a combination of Bi & Chisai; meaning Small/Beautiful. If a Chibi is not pretty, it's refurred toas SD or Super Deformed. There are 2 kinds of chibis; stubby chibis with no limbs (think Powerpuff girls) & regular chibis, which resemble noseless children.
Chibis are small & beautiful, babies are super deformed.
by Allaiyah January 15, 2004
 
7.
A japanese word, used by anime fans meaning "small" or "mini". Also used to describe children.
Anime Fan: And meet my new friend, Chibi Anime Fan!
Baby: Waaaah!
by Drake Aldan March 09, 2003