a Portmanteau of the words Chillin + Relaxing + Procrastinating. A favorite at many college campuses on weekdays.
Dude 1: Did you do that physics homeboy dawg?
Dude 2: Na Na foo, I be straight chillaxinatin
Dude 1: Man, you're such a slacker.
Dude 2: Mayne, you're such a fag.
by theBaydestrian September 24, 2007
to chill; rhe word is a combination of chill and procrastination
Diana: Yo homeskillet biscuit! Wat is u doin?
Jazmin:Yo slutbasketwhorecase I'm jus CHILLAXINATIN!!
by Hermosa June 17, 2007

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