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3.
To chill out/relax
Billy is staying home tonight, chilaxing, watching t.v., drinking a cold one.
by Oilfieldman November 07, 2011
 
1.
To chill and to relax at the EXACT same time. Nifty, I know.
Tim, Steve, I chilaxed with our monkeys while we watched a chick flick.
by Ashley March 28, 2005
 
2.
Isn't it a bit obvious?
chill + relaxing =chilaxing
What r u doing...?
ans: chilaxing
by bok-choy November 01, 2003